New Benefits announced for NPS Subscribers in Union Budget 2017-18 In a bid to provide further impetus to the National Pension System (NPS), the following provisions have been introduced in the Finance Bill 2017 laid down in the Parliament today. Tax-exemption to partial withdrawal from National Pension System (NPS) The existing provision of section 10(12A)of the Income … [Read more...] about New Benefits announced for NPS Subscribers in Union Budget 2017-18
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Government is expected to announce higher allowances in March : Budget 2017
Government is expected to announce higher allowances in March : Budget 2017 The government is expected to announce higher allowances for 4.8 million central government employees and 5.2 million pensioners in March with a view to give a boost to its employees. After Finance Minister Arun Jaitley on Wednesday in his Budget speech announced the reduction of the existing rate … [Read more...] about Government is expected to announce higher allowances in March : Budget 2017
INCOME TAX TABLE: BUDGET 2017-18
INCOME TAX TABLE: BUDGET 2017-18 Finance Minister Arun Jaitley today proposed to reduce the tax rate for income up to Rs 5 lakh from the existing 10 per cent to 5 per cent while imposing 10 per cent surcharge on income between Rs 50 lakh and Rs 1 crore. Following is the table of impact on individual on tax proposals: INCOME TAX RATE IMPACT (Individual Tax Payers) Up … [Read more...] about INCOME TAX TABLE: BUDGET 2017-18
Expected DA from Jan 2017: AICPIN for December 2016
AICPIN for December 2016 - Expected DA from Jan 2017 Consumer Price Index Numbers for Industrial Workers on Base 2001=100 CPI(IW) Base 2001=100 Monthly Index Letter - November 2016 JANUARY 2016 269 FEBRUARY 2016 267 MARCH 2016 268 APRIL 2016 271 MAY 2016 275 JUNE 2016 277 JULY 2016 280 AUGUST 2016 278 SEPTEMBER … [Read more...] about Expected DA from Jan 2017: AICPIN for December 2016
Income Tax Return form for the category of individuals having taxable income upto Rs 5 lakhs other than business income
A simple one- page Income Tax Return form for the category of individuals having taxable income upto Rs 5 lakhs other than business income. "Finance Minister Shri Jaitley said that the present burden of taxation is mainly on honest tax payers and salaried employees who are showing their income correctly. Therefore, post-demonetisation, there is a legitimate expectation of … [Read more...] about Income Tax Return form for the category of individuals having taxable income upto Rs 5 lakhs other than business income
Salient Features of Direct Tax Proposals in Union Budget 2017
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
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
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