Tax Exemption Limit News

Money

How your tax changed in past 5 years

In 2014, your basic exemption limit for income tax, if you are not a senior citizen, was raised to Rs2.5 lakh from Rs2 lakh.Analysis of various income tax changes in five years indicates majority of changes have been made for benefit of tax payers in lower tax brackets

1 min read27 Apr 2019
Money

Do you need to file income tax return (ITR) if TDS is paid?

Irrespective of whether your employer has deducted tax at source (TDS) on your salary or you have paid tax on your own, you should file your income tax return (ITR) if you fit certain criteria

1 min read3 Jul 2018
Money

Having a PAN card doesn’t make ITR filing mandatory

It is mandatory to file ITR if gross total income of an assessee exceeds the maximum exemption limit

1 min read12 Jul 2018
Money

Union budget: Here’s a tax calculator to check out your income tax liability

Union budget 2017 has reduced the personal income tax rate for the entry level income tax slab to 5%. Here is a tax calculator to check out your tax liability

1 min read1 Feb 2017
Politics

India should refrain from raising income tax exemption limit: Economic Survey

The Survey pitched for taxing the well-off across agriculture, industry, services and real estate

2 min read27 Feb 2016
Money

Putting income tax pieces together for a better whole

Government made a few changes to personal income tax provisions in 2014 to boost flagging household savings

4 min read29 Dec 2014

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