Union Budget 2023: One idea to offer tax reliefs for lower income slab

Union Budget 2023: There is tremendous expectation that the Union Budget 2023 could provide for more net disposable income (specially for lower and middle income earners) by way of reduction in taxes or otherwise. This would be with the objective that such additional net disposable income will be utilized by individuals and households for meeting/… Continue reading Union Budget 2023: One idea to offer tax reliefs for lower income slab

Union Budget 2023: Buoyant tax collections cushion Govt on fiscal front, Income Tax Return reforms likely next year

In the longer run, the government wants to do away with the complex old tax regime by establishing a new system, devoid of exemptions and deductions. Moving in that direction the government in Union Budget 2020-21 gave option to taxpayers to choose between the old regime with various deductions and exemptions and the new tax… Continue reading Union Budget 2023: Buoyant tax collections cushion Govt on fiscal front, Income Tax Return reforms likely next year

Raise Income Tax Exemption Limit to Rs 5 Lakh In Budget 2023, Industry Body ASSOCHAM Urges Govt

Raise Income Tax Exemption Limit to Rs 5 Lakh In Budget 2023, Industry Body ASSOCHAM Urges Govt; ASSOCHAM President Sumant Sinha says buoyancy in both the direct and indirect taxes should give enough elbow room to the government for raising the income tax exemption limit Read More