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Tax Exemption
Business  /  Published 02.02.21

How changes affect a taxpayer

◘ There is no change in the income tax slabs or exemptions in this union budget. The standard deduction remains at Rs 50,000 and exemptions of up to Rs 1.5 lakh available under section 80C. ◘ The...
By Pinak Ghosh in

Business  /  Published 02.02.21

Union Budget: Vision for future

Finance minister Nirmala Sitharaman presented the first-ever paperless budget with focus on six pillars to strengthen the economy affected by the Covid-19 pandemic. The budget focused on nation buildi...
By Renu Sud Karnad in

Business  /  Published 16.04.20

Sop plea for elders

The research wing of the country’s largest bank — State Bank of India — has called for an exemption on the interest component on the Senior Citizen Savings Scheme in a bid to boost liquidity at ...
By A Staff Reporter in Calcutta

Business  /  Published 10.01.19

GST exemption relief

Small and medium businesses with an annual turnover of Rs 40 lakh will be exempt from paying the goods and services tax — a move that is expected to free 20 lakh firms from the rigours of the indire...
By Jayanta Roy Chowdhury and R. Suryamurthy in New Delhi

Jharkhand  /  Published 15.04.20

Small traders seek survival package

Struggling to survive during the extended lockdown, small traders, including retail and wholesale shopkeepers, and owners of small- and medium-scale industries, want concessions from the government t...
By Praduman Choubey in Dhanbad

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India  /  Published 14.04.19

Defence ministry tries to distance govt from 'conjectural' Rafale connection

The Indian defence ministry issued a curious statement on Saturday, distancing the “present government” from the “conjectural connection” associated with the French tax exemption for an Anil A...
By TT Bureau in New Delhi

Opinion  /  Published 17.02.20

Tax payers and tax dodgers

The prime minister, Narendra Modi, sparked off a huge debate on tax compliance when he observed that only 15 million people in the country actually paid taxes on their incomes out of a population of 1...
By The Editorial Board in

Business  /  Published 06.07.19

Tea firms wary

Tea growers have sought a review of the budget proposal to tax cash withdrawal in excess of Rs 1 crore from a bank account as it would hurt their operations in remote areas. The Indian Tea Association...
By TT Bureau in Calcutta

West Bengal  /  Published 06.07.19

Budget cash tax hits tea belt

The Union budget proposal to levy a 2 per cent tax at source if annual cash withdrawals exceed Rs 1 crore has come as a blow to north Bengal’s ailing tea industry as most gardens disburse wages in c...
By Avijit Sinha in Siliguri

Business  /  Published 09.02.20

Support for tax switch

The Centre hinted at “grandfathering” the transition process in personal income tax regime to mitigate the inconvenience of individual taxpayers who have already committed to long-term financial p...
By Our Special Correspondent in Calcutta


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