Budget 2015 – Expectations of Salaried employees – Proposal of Finance Ministry to do away with Section 80 C – Increase in the limit of Transport Allowance
Income tax Structure 2013-14 (Assessment Year 2014-15) – Budget highlights
Finance Minister’s advisor indicates that as per Revised DTC Income Tax Exemption will be allowed for income up to Rs. 3 lakh as per Revised DTC Advisor to Finance Minister Mr.Parthasarathi Shome informed that Government might come up with a revised Direct Tax Code on the basis of suggestions of Parliamentary Panel chaired by Shri.Yashwant […]
Once Direct Tax Code bill is passed in the Parliament, Income tax payers in the initial slabs viz., persons with the income of up to Rs. 3 lakhs and income from Rs.3 to 10 lakhs as Finance Minister Mr.P.Chidambaram has assured ia press conference conducted recently to the effect that Government would abide by the recommendations of Parliamentary Standing Committee on Direct Tax Code for the purpose of tax structure and personal income tax exemptions under Direct Tax Code.