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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Union Budget 2017
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
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
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