March 03, 2015 21:26 (IST)
Personal income tax rates will not be changed in the near term even as peak corporate tax rate will be cut by 5 per cent over a four year period beginning financial year 2016-17, a top Finance Ministry official said.
March 03, 2015 16:50 (IST)
India is home to the fourth largest number of billionaires across the world, while the US tops the charts followed by China and Germany.
March 03, 2015 13:39 (IST)
nder the proposed tax law, provident fund withdrawal before five years of continuous service will attract a TDS (tax deducted at source) of 10 per cent.
March 02, 2015 10:36 (IST)
They will also be allowed to invest upto 5 per cent in asset backed securities, units of real estates/infrastructure investment trusts.
March 01, 2015 20:48 (IST)
The government on Sunday said the APY or Atal Pension Yojna pension scheme, announced in the Budget, will be launched on June 1 and will focus on all citizens in the unorganised sector entitling them to a pension of up to Rs 5,000 per month after 60 years of age.
March 01, 2015 17:18 (IST)
Individuals with an annual income of above Rs 10 lakh but below Rs 1 crore have emerged as the biggest beneficiaries of the new taxation proposals, if they are aged below 60 years, while the super-rich above this age bracket will be hit the hardest.
Reported By: Ramarko Sengupta | March 01, 2015 14:32 (IST)
Finance Minister Arun Jaitley on Friday increased service tax to 14 per cent from 12.36 per cent in his first full-year Budget, which means several bills will soar.
February 28, 2015 17:01 (IST)
In order to promote social security conditions in the country, the government on Saturday raised the tax incentive limit for investment in pension fund by Rs 50,000, taking it to Rs 1.5 lakh.
February 28, 2015 16:45 (IST)
In his Budget proposal, Mr Jaitley introduced an additional deduction of Rs 50,000 for contribution to the New Pension Scheme under Section 80CCD.
February 28, 2015 13:53 (IST)
In his Union Budget, Finance Minister Arun Jaitley has hiked service tax rate from 12 per cent to 14 per cent. The increase means utilities will cost more, so bigger phone bills.
February 28, 2015 12:40 (IST)
Finance Minister Arun Jaitley in his first full-year Budget did not hike income tax exemption limits, as he did last year. However, he hiked the tax exemption limits of some allowances.
February 28, 2015 12:20 (IST)
In his Budget 2015-16 proposals, Finance Minister Arun Jaitley said that the government will change provident fund or PF laws after consultations with stakeholders.
February 23, 2015 19:53 (IST)
Axis Capital and Edelweiss Financial Services are the lead managers to the issue, which opens on February 26 and closes on March 16.
February 22, 2015 10:58 (IST)
The outflow led to assets under management (AUM) of gold funds plunging by more than 19 per cent during the period.
February 22, 2015 10:43 (IST)
The committee wanted that the medical facility to pensioners should be provided free of cost and the EDLI funds should be used for the purpose.
February 21, 2015 18:22 (IST)
A majority of 67 per cent consumers of financial services feel that provision of incentives leads to bank staff providing wrong information or mis-selling of products, says a survey by Consumer Unity and Trust Society (CUTS).
February 21, 2015 12:42 (IST)
A survey carried out by industry body Assocham has found that a majority of salaried employees want Finance Minister Arun Jaitley to increase the income tax exemption in the forthcoming Budget.
February 20, 2015 12:43 (IST)
There is a buzz that import duty on gold may be cut in the Budget.
February 18, 2015 19:24 (IST)
Provident fund accounts which fail to make contributions for 36 continuous months to the retirement fund body are classified as inoperative accounts.
February 15, 2015 15:38 (IST)
The Employees' Provident Fund Organisation's trustees in a meeting on Thursday will consider a proposal to raise the age limit from 58 to 60 years for vesting of pension under the Employees' Pension Scheme (EPS-95).