November 23, 2024 12:16 (IST)
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'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Income Tax: Govt may increase standard deduction by 30-35 pc

Income Tax: Govt may increase standard deduction by 30-35 pc

New Delhi/IBNS: The government is mulling an enhancement in the tax bracket for the salaried individuals by 30-35 percent in the upcoming budget while keeping the existing income tax slabs unchanged, media reports said.

Budget 2019: Income tax exemption limit raised to Rs. 5 lakh

Budget 2019: Income tax exemption limit raised to Rs. 5 lakh

New Delhi, Feb 1 (IBNS) : Union Finance Minister Piyush Goyal proposed rise in the income tax exemption limit to Rs. 5 lakh as he presented the National Democratic Alliance Government's sixth and final budget on Friday.

Union Budget 20818: Standard deduction of Rs 40,000 allowed in lieu of present exemptions

Union Budget 20818: Standard deduction of Rs 40,000 allowed in lieu of present exemptions

New Delhi, Feb 1 (IBNS): In the Union Budget 2018, FM Arun Jaitley has proposed to allow a standard deduction of Rs. 40,000 in lieu of the present exemption in respect of transport allowance and reimbursement of miscellaneous medical expenses for salaried taxpayers.