Salaried Class

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Salaried Class - Total results - 15
Personal income tax slabs likely to be rationalised, salaried class may get relief, more money; move aims to boost spending
Business

Personal income tax slabs likely to be rationalised, salaried class may get relief, more money; move aims to boost spending

Introduction of 10% tax rate for salaried people who earn between Rs 5 lakh and Rs 10 lakh is one of the recommendations

Narendra Modi govt should spare a thought for salaried class; jump from 5% to 20% tax is grossest injustice to middle income group
Business

Narendra Modi govt should spare a thought for salaried class; jump from 5% to 20% tax is grossest injustice to middle income group

Apart from being unjust to the middle class, it is the steep rate of tax that tantalises people to split their income

Rationalise regime of standard deduction for salaried class; keep highly paid CEOs out of this facility
Business

Rationalise regime of standard deduction for salaried class; keep highly paid CEOs out of this facility

Standard 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.

Income Tax Department's warning to the salaried against bogus refund claims smacks of inept assessment
Business

Income Tax Department's warning to the salaried against bogus refund claims smacks of inept assessment

Pleading and issuing warnings smack of ineptness, an ineptness in making a proper assessment of refund claims filed through income tax returns (ITRs).

I-T warns salaried class against filing wrong ITRs, says violators' employers will be informed
Business

I-T warns salaried class against filing wrong ITRs, says violators' employers will be informed

The 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

PF rate retained at 12%: Why don't employers contribute 14% and employees 10% to maintain status quo
Business

PF rate retained at 12%: Why don't employers contribute 14% and employees 10% to maintain status quo

Modi’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

Budget 2017: Arun Jaitley's tax relief to demonetisation-hit middle class was a lollypop
Business

Budget 2017: Arun Jaitley's tax relief to demonetisation-hit middle class was a lollypop

Arun 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

Financial planners' Budget wishlist: Raise I-T exemption, medical reimbersement
Business

Financial planners' Budget wishlist: Raise I-T exemption, medical reimbersement

The slaried is paying higher fees and cross-subsidising Right To Education; the government should allow full waiver of tuition fees without any cap

Working couples contribute to GDP a lot; give them a hefty tax break
Business

Working couples contribute to GDP a lot; give them a hefty tax break

The 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

Budget 2016: Give more exemptions, deductions for salaried class & senior citizens
Business

Budget 2016: Give more exemptions, deductions for salaried class & senior citizens

Although 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

More deductions but no changes in tax slabs: What Union Budget 2015 offers middle class
Economy

More deductions but no changes in tax slabs: What Union Budget 2015 offers middle class

Finance 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)

Budget 2015: Jaitley incentivises middle class tax payers
Economy

Budget 2015: Jaitley incentivises middle class tax payers

The finance minister wants you to save more for your twilight years; pension funds and health insurance firms are the biggest beneficiaries.

Exemptions to Deductions: What aam aadmi wants from Budget 2015
Politics

Exemptions to Deductions: What aam aadmi wants from Budget 2015

The qualifying fixed deposit tenure can be reduced from five years to three years.

Rationalisation, not abolition, of tax is need of hour
Economy

Rationalisation, not abolition, of tax is need of hour

Taxes cannot be done away with completely except in countries blessed with nature's bounty. Nature has been kind to the Middle East so much so that the UAE has never felt constrained to tax its people with personal income tax.<br /><br />