Latest News on Salaried Class
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Salaried Class - Total results - 13
Feb 08, 2019
Rationalise regime of standard deduction for salaried class; keep highly paid CEOs out of this facilityStandard deduction for the salaried class in its new avatar is one-size-fits-all — it is the same for both the CEO of a company and his lowly minion at the bottom of the heap.
Apr 19, 2018
Income Tax Department's warning to the salaried against bogus refund claims smacks of inept assessmentPleading and issuing warnings smack of ineptness, an ineptness in making a proper assessment of refund claims filed through income tax returns (ITRs).
Apr 18, 2018
I-T warns salaried class against filing wrong ITRs, says violators' employers will be informedThe Income Tax Department on Wednesday cautioned salaried class taxpayers against using illegal means like under-reporting of income or "inflating" deductions while filing their returns, stating violators will be prosecuted
May 29, 2017
PF rate retained at 12%: Why don't employers contribute 14% and employees 10% to maintain status quoModi’s promise of rewarding the salaried class with tax refund for their exemplary tax compliance from out of the proceeds of successive tax amnesty schemes has remained a mirage and a tall promise
Feb 01, 2017
Budget 2017: Arun Jaitley's tax relief to demonetisation-hit middle class was a lollypopArun Jaitley would have won the hearts and minds of the middle class had he completely spared from income tax those whose income is not more than Rs 5 lakh
Jan 27, 2017
Financial planners' Budget wishlist: Raise I-T exemption, medical reimbersementThe slaried is paying higher fees and cross-subsidising Right To Education; the government should allow full waiver of tuition fees without any cap
Jan 10, 2017
Working couples contribute to GDP a lot; give them a hefty tax breakThe omnibus tax impetus scheme for savings and investments section 80C has long remained a one-size-fits-all scheme. It is time it shed this approach
Feb 17, 2016
Budget 2016: Give more exemptions, deductions for salaried class & senior citizensAlthough there is a higher limit of deduction for senior citizens for medical insurance but for the day to day medical needs there is no deduction
Mar 01, 2015
More deductions but no changes in tax slabs: What Union Budget 2015 offers middle classFinance Minister Arun Jaitley did not really bring in acche din for the salaried class as the income tax slabs remain unchanged but it did offer some respite by doubling monthly transport allowance ( which is tax free) to Rs 1600 as well as offering deductions under section 80 (D)
Feb 28, 2015
Budget 2015: Jaitley incentivises middle class tax payersThe finance minister wants you to save more for your twilight years; pension funds and health insurance firms are the biggest beneficiaries.