Income Tax exemption limit for the middle class may be extended by the Central Government

The impact of Delhi results will be seen on the budget Income Tax exemption limit for the middle class may be extended by the Central Government Jagran Bureau, New Delhi: The results of Delhi Assembly Elections may have its effects on the 2015-16 Budget. It is considered that the government is luring the people, especially … Read more

Centre considering cancellation of Ration Card Supplies for Tax Payers

Centre considering cancellation of Ration Card Supplies for Tax Payers Ram Vilas Paswan, the Minister for Consumer Affairs, Food and Distribution, has said that the Centre is giving serious thoughts about canceling the distribution of ration supplies to tax-paying members of the public. While talking to newspersons, he said that the Government’s intention is to … Read more

I-T officers not too happy with new promotion rule: The Hindu Business Line

I-T officers not too happy with new promotion rule: The Hindu Business Line Better days are ahead for income tax officials, as the Government will soon notify amendments in the recruitment rules. This will facilitate promotions and direct recruitment, as approved under the cadre restructuring plan. However, the Gazetted Officers Association of the Income Tax … Read more

I-T officers not too happy with new promotion rule: The Hindu Business Line

I-T officers not too happy with new promotion rule: The Hindu Business Line Better days are ahead for income tax officials, as the Government will soon notify amendments in the recruitment rules. This will facilitate promotions and direct recruitment, as approved under the cadre restructuring plan. However, the Gazetted Officers Association of the Income Tax … Read more

Income Tax Exemption Limit Raised by Rs.50,000 – Does it meet the Central Government employees’ expectations?

Income Tax Exemption Limit Raised by Rs.50,000 – Does it meet the Central Government employees’ expectations? Finance Minister Arun Jaitley announced that the Income Tax exemption limit for individual taxpayers, below the age of 60 years has been raised from Rs. 2 lakhs to Rs. 2.5 lakhs. The General Budget 2014-15 presented by the Union … Read more