Income tax: Taxpayers should evaluate previous, latest slabs before finalising option; here's all you need to know about two regimes
Seven slabs have been introduced for personal income tax. The tax rates on income up to Rs 15 lakh have been reduced to benefit the Indian taxpayers.
Budget 2020 did not end woes of aam aadmi; Nirmala Sitharaman opened a Pandora's Box with removal of tax exemptions instead
While the introduction of a new personal tax regime with reduced rates made the aam aadmi happy, the Finance Minister opened a Pandora’s Box with the denial of various exemptions/deductions.
The allocation announced by Finance Minister Nirmala Sitharaman for rural development in the Union Budget is notable.
Budget 2020: Nirmala Sitharaman's fiscal math seems to have put worst behind; economy set to rebound with proposals announced
The Budget brought more clarity on the fiscal deficit side by pegging the deficit figures at 3.8% of the GDP for FY 2019-20 and 3.5% for FY 2020-21, showing a deviation of 0.5% from the fiscal glide path.
Nirmala Sitharaman also attempts to maintain a balance by underscoring various measures taken by the government towards the woman and child welfare, culture and tourism, environment and climate change
India Inc termed the Budget as "growth provoking and welfare inducing"
Budget 2020 creates new avenues to utilise potential of India's youth workforce, writes UP BJP general secretary
While reading out her Budget speech, Sitharaman said that “this Budget is woven around three prominent themes which are 'Aspirational India', 'Economic development for all' and a 'Caring Society'
Budget 2020: Nirmala Sitharaman's announcements expected to give impetus to consumer spending, give jump-start to economy
The consumer sector has been facing strong headwinds over the last few quarters, including rural job losses and stagnating wages, besides an erratic monsoon.
Budget 2020: Nirmala Sitharaman's slew of amendment proposals on various taxes may lead to adverse impact on individuals
The government has recognised the cash flow crunch faced by employees of startups who are required to pay taxes on the allotment of shares on exercise under the current provisions.
Govt not included AGR dues payment in Budget 2020-21, says Economic Affairs Secretary Atanu Chakraborty
The government has not included AGR dues payment in the Budget 2020-21, Economic Affairs Secretary Atanu Chakraborty said on Monday
Budget 2020: Industry’s demand on DDT concerns addressed; will experts' proposals help bring back investor's confidence?
For e-commerce operator, this means creating more robust technology platforms and enabling tax complaint back end infrastructure to capture data and ensure compliance.
Why India’s athletes and sports federations should not be worried that budgets have been ‘reduced’ in an Olympic year
Should then India’s athletes and National Sports Federations be worried that the budgets have been ‘reduced’ in the Olympic year? We try to simplify matters:
Budget 2020: New tax structure gives option to save tax; people can stay in current regime or switch to proposed plan, says revenue secretary
In the new regime, 5 percent tax is levied on an annual income between Rs 2.5 lakh and Rs 5 lakh. The tax rate rises to 10 percent, 15, percent, 20 percent and 25 percent for every Rs 2.5 lakh addition.
Limit on tax-free employer contribution to retirement funds to impact employee with salary above Rs 60 lakh: Official
Under the existing provisions, the contribution by the employer to a recognised provident fund exceeding 12 per cent of salary is taxable.
Fitch Ratings predicts India's FY21 GDP growth at 5.6%, lower than projection made by govt's Economic Survey
Fitch Ratings on Monday said India is expected to clock a GDP growth of 5.6 percent in the next financial year, lower than the projection made by the government's Economic Survey, as Budget 2020 has not "materially altered" its view on the country's growth outlook
How cultural-political vision of BJP, RSS for new India is coded in Nirmala Sitharaman's Budget speech
While the Opposition was trying to shout down such mentions, the government was using a financial jargon and technicality-packed Budget speech as a code for the cultural agenda of new India.
Budget 2020: Indirect tax proposals may take Make in India theme forward; customs electronic duty credit ledger a milestone
The GST rule is sought to be amended to trigger imposition of penalties against persons ‘causing and benefitting’ fraudulent input tax credit.
This Budget paid the most attention to agriculture—if the percentage of spending is the yardstick to go by.
Budget 2020: A mixed bag for healthcare services, pharma sector; additional duties on medical devices to hike costs for consumers
While one of the key focus areas for this Budget 2020-21 on socio-welfare front is to widen the reach of affordable healthcare services, it also lays emphasis on government policy of ‘Make in India’.
Budget 2020: Nirmala Sitharaman reaches out to middle class and farmers, puts errant IT officials on notice
The concerns of an overwhelming number of people, particularly men and women from the underprivileged class, have been addressed by Nirmala Sitharaman's Budget speech.