Tax exemption limit

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TAX EXEMPTION LIMIT NEWS

Additional relief under new tax regime to those with over Rs 7 lakh/year taxable income

March 25, 2023 8:27 am

In the Union Budget for 2023-24, the government expanded the scope of full rebate on income tax under the new tax regime to an annual taxable income of Rs 7 lakh from Rs 5 lakh earlier.

India govt unlikely to roll back tax plan on high-value life insurance: Report

March 15, 2023 12:01 pm

The government has said it would scrap the tax exemption on the total returns upon maturity of life insurance policies if their aggregate premium exceeded Rs 5 lakh.

Tax exemption limit raised to Rs 2.5 lakh

July 10, 2014 3:10 pm

The proposal, according to an estimate, is likely to be benefit about 2 crore tax payers.

Tax exemption limit under 80C raised to Rs 1.5 lakh

July 10, 2014 1:21 pm

The hike in the exemption limit would provide relief to the salary earners who are reeling under the impact of high inflation.

Union Budget: Income tax exemption limit raised to Rs 2 lakh

March 16, 2012 2:09 pm

Minister said the Direct Tax Code Bill will be be introduced at the earliest.

Budget 2012 Live: Pranab ups individual tax exemption limit to Rs 2 lakh,stresses reforms

March 16, 2012 11:02 am

Defence Budget hiked by more than 17%; import duty on large cars,MUVs,SUVs hiked.

Tax exemption limit at Rs 2 lakh likely

February 06, 2012 5:09 pm

Govt is likely to provide some relief to individual income tax payers in the forthcoming Budget

Male tax payers to save Rs 2,060/yr

February 28, 2011 4:28 pm

Finance Minister Pranab Mukherjee has given a saving of Rs 2,060 per annum to male income tax payers by raising the exemption limit from Rs 1.60 lakh to Rs 1.80 lakh.