Browsing Tag

Income Tax Exemptions

Budget 2023: Infra, Spending Boost Positives But Govt Should Have Done More on Health, Tax, Survey…

Jessica Feb 6, 2023

Last Updated: February 03, 2023, 11:54 ISTWhether people see any key benefits in the 2023 Budget, 49% expressed optimism that it will create 'new infrastructure' while 33% said it will boost household spending, employment and livelihood.…

Business

Income Tax Exemption Limit Likely To Be Enhanced To Rs 5 Lakh

Jessica Dec 30, 2022

Last Updated: December 30, 2022, 19:41 ISTThe Finance Ministry is mulling to increase the exemption limits from present Rs 2.5 lakh to Rs 5 lakhSenior citizens between the age group of 60-80 have an exemption threshold of Rs 3 lakh while…

Business

These Individuals Have To Mandatorily File Income Tax Return. Check Details

Jessica Jul 16, 2022

The deadline to file ITR for the financial year 2021-22 (assessment year 2022-23) is July 31, 2022.New Delhi: The Income Tax (I-T) Department has recently removed several exemptions from the list of people who are mandatorily…