personal tax slabs

The Income tax exemption under Section 80C under the ITA could be increased from Rs 1.5L to Rs 3L p.a., in the Union Budget 2021. In the country’s first paperless Union Budget to be conducted on February 1, 2021, Finance Minister…

New Tax Slabs Soon: 10% For Income B/W Rs 5 Lakh & Rs 10 Lakh A high-level tax force set up by the government submitted a report to the Finance Ministry on new Direct Tax Code, earlier this month. This report brings in radical…

Centre and State Governments have finally reached a consensus on determining the tax rate slabs under Goods and Services Tax Bill. This will help in breaking the barriers which restrained pan-India implementation of GST and in unifying…

In his Union budget 2012 speech, Finance Minster Pranab Mukherjee started off by identifying 5 objectives relating to Growth, Investment, Supply bottlenecks, Governance and removing Malnutrition. Yet, he signed off with a warning that…