Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
The government plans a mega launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) by Prime Minister Narendra Modi on August 28, which is likely to see opening of one crore bank accounts on the first day itself.
Evaluate recurring investment products and do the numbers before making any investments.
Dravida Munnetra Kazhagam legislator and the party's youth wing secretary Udhayanidhi Stalin was sworn in as minister in Chennai on Wednesday by Tamil Nadu Governor R N Ravi.
'We're hitting at the core strength of our armed forces.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The government has set up a high-level committee.
Responding to Shagh, National Conference leader Omar Abdullah said the country was suffering from too much "ODOMOS- overdose of only Modi only Shah".
Protests against 'Agnipath' left Bihar in flames on Friday when rampaging mobs set fire to dozens of railway coaches, engines and stations and torched Bharatiya Janata Party offices, vehicles and other property, prompting the police to suspend internet services in nearly a third of the state.
The government, under the Finance Act, 2020, had allowed tax exemption for SWFs and pension funds in the case of incomes from investment in 34 key infrastructure sectors, including hotels, cold chains, educational institutions, hospitals, and gas pipelines.
The 40 per cent exemption benefit is applicable only for employees.
Defence Minister Manohar Parrkar ruled out the possibility of deploying the Indian Army in anti-Naxal operations.
You need not worry even if there is a mismatch between your income and deduction in Form 16/16A and Form 26AS, says Ashley Coutinho
The government on Saturday asked the ex-servicemen to end their 84-day agitation as their basic demand for 'One Rank and One Pension' has been accepted and asserted it was open to talks after the veterans voiced their dissatisfaction over key provisions.
It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.
Restrict investment to Rs 50,000 for tax benefits, experts tell Sanjay Kumar Singh, but caution that taxation at maturity and compulsory annuities are dampers.
Rediff.com does a quick checklist on what the two manifestos have to say on hot-button issues of the day.
According to a 2021 Redseer report, India's overseas education market is estimated to more than double to $80 billion by 2024.
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
But do not expect the finance minister to fulfil all these wishes
Close to 300 of these veterans assembled at the protest site, very close to where a similar agitation is being held by the ex-servicemen of the armed forces for the prompt implementation of the OROP for them.
Former Defence Minister A K Antony tells Amit Agnihotri that Defence Minister Manohar Parrikar's statement is an insult not only to the Indian Army but also the previous National Democratic Alliance government led by Atal Bihari Vajpayee
"Smart cards are a step towards financial inclusion. The idea is to inculcate banking habits among the poor," says Anita Ramachandra, director, rural development (self-help groups). The government is paying 2 per cent of the amount disbursed through smart cards to the banks to engage them in the initiative.
The draft scheme, seen by PTI, said it will provide an option and a respectable exit route to employees who have reached a level of saturation in their career, may not be at the peak of their performance, have some personal issue or want to pursue their professional or personal life outside the bank.
The armed forces are quite happy with the attention paid to their concerns, reports R S Chauhan.
You can still save money, says Samkit Maniar
Archit Gupta on how can you maximise your savings and reduce your taxable income.
Showering his praise on the armed forces guarding the nation, Prime Minister Modi earlier on Sunday dedicated this year's Diwali to the jawans.
Gross enrolments of new subscribers with ESIC were 1.49 crore during the entire financial year 2018-19, the National Statistical Office (NSO) said in a report.
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
'Modi's health scheme has changed the national conversation. For that reason it must be supported.'
FM is likely to raise tax slabs.
'Sepoy K Ashuli displayed nerves of steel, exemplary courage, fearlessness under enemy fire, unparalleled devotion to duty and camaraderie of the highest order in keeping with the finest traditions of the Indian Army.'
Finance Minister Arun Jaitley presented the Union Budget.
Progress on several parameters creates a tipping point situation.
Prime Minister Narendra Modi on Thursday launched his government's mega scheme ' Pradhan Mantri Jan Dhan Yojana', declaring that it was aimed at eradicating financial untouchability by providing bank accounts to the poor.
The new Chief Economic Advisor Krishnamurthy Subramanian believes that more than unemployment, it is the quality of employment which needs to be focused on. In an interview with Arup Roychoudhury and Indivjal Dhasmana, Subramanian said that controlling inflation was the Modi government's biggest achievement.
Forget about interim Budgets, one cannot easily recall even a full Budget of any government in recent times having rolled out benefits of this order to such a large number of people, says A K Bhattacharya.
The PM asserted that 'we know how to take challenges head-on'.
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