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Salaried class gets little relief despite Rs 40,000 deduction

Finance Minister Arun Jaitley on Thursday provided little relief to salaried class as benefits under the proposed Rs 40,000 standard deduction will be neutralised to a large extent by inclusion of......

Decades-old provisions of I-T Act will soon be replaced

A panel will draft direct tax legislation, keeping in mind the  system in other countries, international best practices and economic needs of the country. Illustration: Uttam Ghosh/

Sops likely for salaried professionals in Budget

Exemption limits, standard deduction on radar, reveal Dilasha Seth and Indivjal Dhasmana. The tax simplification committee, chaired by Justice R V Easwar, is likely to touch upon restoration of......

Income disclosure schemes 20 years apart yield roughly the same

Adjusted for inflation, the earlier scheme would have collected Rs 25,000 crore. Dilasha Seth/Business Standard reports.Illustration: Uttam Ghosh/ Union Finance Minister Arun Jaitley's......

To lessen demonetisation pain: Tax sops in Budget

Measures may include tax slab and rate revisions for individuals, companies, report Business Standard's Dilasha Seth and Arup Roychoudhury. To soften the 'pain' of demonetisation, the central......
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Salaried class gets little relief despite Rs 40K deduction

New Delhi:Finance Minister Arun Jaitley today provided little relief to salaried class as benefits under the proposed Rs 40,000 standard deduction... ...
India Inc hails 'populist' Budget, but says disappointed on tax front

New Delhi:India Inc on Thursday welcomed the Union Budget 2018-19 -- the last full budget of Finance Minister Arun Jaitley before the 2019 general... ...

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