Certain Tax Reliefs announced for small tax payers and others. Press Information Bureau Government of India Ministry of Finance Dated: 29-February, 2016 Certain Tax Reliefs announced for small tax payers and others. While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley said that the taxation is … Read more
Key Features of Budget 2016-2017 : Official pdf Download Key Features of Budget 2016-2017 INTRODUCTION : Growth of Economy accelerated to 7.6% in 2015-16 CHALLENGES IN 2016-17 : Risks of further global slowdown and turbulence. ROADMAP & PRIORITIES : ‘Transform India’ to have a significant impact on economy and lives of people AGRICULTURE AND FARMERS’ … Read more
House Rent Paid : 80GG has also been raised to 60,000 from 24,000 The limit of deduction of house rent paid under section 80GG has also been raised to Rs. 60,000 from the existing Rs. 24,000 per annum to give relief to employees who live in rented houses. Certain Tax Reliefs announced for small tax … Read more