Salient Features of Direct Tax Proposals in Union Budget 2017 The Union Budget 2017 was laid before the Parliament today by the Hon'ble Finance Minister of India. The salient features of Direct Tax proposals are summarised below: I. Affordable Housing: 1. Three concessions in the scheme of Income Tax exemption for affordable housing: (a) Area of 30 and 60 Sq.mtr. to … [Read more...] about Salient Features of Direct Tax Proposals in Union Budget 2017
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Grant of paid holiday to employees on the day of poll – DoPT Orders
Grant of paid holiday to employees on the day of poll - DoPT Orders General Election to the Legislative Assemblies of Goa, Manipur, Punjab, Uttarakhand and Uttar Pradesh, 2017 - Grant of paid holiday to employees on the day of poll - regarding F.No.12/3/2016-JCA-2 Government of India Ministry of Personnel, Public Grievances and Pensions (Department of Personnel & … [Read more...] about Grant of paid holiday to employees on the day of poll – DoPT Orders
Shares of Railway PSEs – IRCTC, IRFC and IRCON to be listed
Shares of Railway PSEs - IRCTC, IRFC and IRCON to be listed Consolidation, mergers and acquisitions of CPSEs to be encouraged, an integrated public sector 'oil major' soon Pradhan Mantri Mudra Yojana budget target doubled to Rs. 2.44 lakh crores Rs. 10,000 crores earmarked for recapitalisation of Banks, Need based additional allocation assured While presenting the … [Read more...] about Shares of Railway PSEs – IRCTC, IRFC and IRCON to be listed
Budget gives a major push to Digital Economy; proposes No Cash Transaction above Rs 3 lakh
No Cash Transaction above Rs 3 lakh – FM Press Information Bureau Government of India Ministry of Finance 01-February-2017 13:57 IST Budget gives a major push to Digital Economy; proposes No Cash Transaction above Rs 3 lakh Government to launch schemes to promote BHIM app, Aadhar Enabled Payment System Mission to be set-up to achieve a target of 2500 Cr digital … [Read more...] about Budget gives a major push to Digital Economy; proposes No Cash Transaction above Rs 3 lakh
Highlights of Union Budget 2017-18
Highlights of Union Budget 2017-18 1. All taxpayers above 5 lakh rupees to get benefit of 12,500 rupees across the board: FM 2. 10% Surcharge on individuals with income between 50 lakh to 1 Crore: FM 3. Surcharge of 10% for individuals earning between Rs 50 lakh- 1 crore; Surcharge for incomes > Rs 1 crore at 15% to continue: FM 4. A single one-page form for filing IT … [Read more...] about Highlights of Union Budget 2017-18
Income tax reduced by 5% for Income upto Rs. 5 lakh: Budget 2017
Income tax reduced by 5% for Income upto Rs. 5 lakh: Budget 2017 Finance Minister announced in the budget speech for 2017-18 today in Lok Sabha, there were legitimate expectations of the salary class after demonetization to reduce the tax burden. He proposed reducing the present rate of income tax from 10 to 5 percent for the first slab of income from 2.5 lakhs to 5 lakh … [Read more...] about Income tax reduced by 5% for Income upto Rs. 5 lakh: Budget 2017
7th Pay Commission: Higher Allowances Likely After Union Budget 2017
7th Pay Commission: Higher Allowances Likely After Union Budget 2017 Global brokerage Morgan Stanley said that higher pay commission-related payouts could put pressure on government finances. Some analysts are hopeful that the government will implement Seventh Pay Commission-related allowance hikes after the Budget 2017, which is scheduled for February 1. The … [Read more...] about 7th Pay Commission: Higher Allowances Likely After Union Budget 2017
AICPIN for the month of December 2016
AICPIN for the month of December 2016 No. 5/1/2014- CPI GOVERNMENT OF INDIA MINISTRY OF LABOUR & EMPLOYMENT LABOUR BUREAU CLEREMONT, SHIMLA-171004 DATED: 31st January, 2017 Press Release Consumer Price Index for Industrial Workers (CPI-IW)-December, 2016 The All-India CPI-IW for December, 2016 by 2 points and stood 275 (two hundred and seventy five). On … [Read more...] about AICPIN for the month of December 2016
IRS officers meet Dr Jitendra Singh, seek DoPT intervention
IRS officers meet Dr Jitendra Singh, seek DoPT intervention A delegation of the Indian Revenue Service (IRS) officers met the Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh here today and sought intervention by Department of Personnel … [Read more...] about IRS officers meet Dr Jitendra Singh, seek DoPT intervention
Income Tax Department (ITD) launches Operation Clean Money
Income Tax Department (ITD) launches Operation Clean Money Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December 2016. Data analytics has been used for comparing the demonetisation data with information in ITD databases. In the first … [Read more...] about Income Tax Department (ITD) launches Operation Clean Money
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