The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
Ensure the employer has all relevant documents. Else, your pay will take a serious hit in the next two months.
Demonetisaton has left many daily wage earners scrambling for a living.
'The Chinese devalued the yuan initially but then stopped'.
A simple primer on how much money taxpayers can save under various sections of the Income Tax Act.
While diligent paperwork helps claim tax benefits, with employers under pressure from the government, any lapse in documentation by an employee will lead to sharp cuts in salary.
'On the tax front, most of the Budget proposals are sensible'.
Long-term tax on capital gains arising from selling a house can be invested in another property under Section 54.
An Aadhaar card can fast-track the KYC procedure for some instruments.
The deduction will be higher and net take-home pay will fall.
'We don't know how much the Pay Commission outflow will be.'
Many exemptions make little sense, such as a monthly exemption of Rs 100 for college education and Rs 300 for hostel fees.
Right steps you can considerably reduce the tax outgo.
If new goals have emerged, this is the time to make fresh investments.
The race for VIP perks has pernicious consequences and is undermining the elite's authority
The industry status will help the sector access bank lending at average interest rates
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