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India.com News Desk July 5, 2019 2:11 PM IST
The Minister said that there would be an effective income tax increase of 3% for those earning Rs 2-5 crore per annum.
India.com News Desk July 5, 2019 1:51 PM IST
Finance Minister presented her maiden Union Budget 2019-20 in Lok Sabha, as part of Prime Minister Narendra Modi's second term on Friday.
India.com News Desk July 5, 2019 10:43 AM IST
Earlier, income up to Rs 2.5 lakh was exempted from personal income tax. Income between Rs 2.5-5 lakh attracted 5 per cent tax.
India.com News Desk July 5, 2019 1:12 PM IST
Nirmala Sitharaman proposed that interest paid on housing loan is allowed as a deduction to the extent of 2 lakh rupees with respect to the self-occupied property.
India.com News Desk July 3, 2019 3:19 PM IST
Finance Minister Nirmala Sitharaman will unveil the full budget for the fiscal 2019-20 on July 5.
IANS June 24, 2019 5:51 PM IST
There is a huge expectation from the new Finance Minister of an increase in the basic exemption limit from Rs 2.50 lakh to Rs 5 lakh.
PTI June 24, 2019 7:12 AM IST
The Ministry will be out of bounds for visitors and media as it gets down to prepare the Budget for 2019-20 fiscal year.
India.com News Desk June 24, 2019 6:46 AM IST
Financial sector regulators and top finance ministry officials were present at the Financial Stability and Development Council meeting headed by the finance minister.
India.com News Desk June 24, 2019 6:44 AM IST
In order to make the budget more inclusive and participative, the government had sought suggestions from the citizens on the mygov.in portal.
India.com Business Desk June 24, 2019 6:42 AM IST
Sitharaman has held pre-budget consultation with economists, banks, financial institutions, and industry chambers as well.
IANS June 24, 2019 6:39 AM IST
"All eyes are on the Union Budget. A reformist budget with big plans for growth is what markets are looking for," Mayuresh Joshi of Angel Broking stressed.
IANS June 22, 2019 8:22 AM IST
"Payment of salaries in respect of Group A and B officers may be made after full Budget provisions are made available by Parliament", the memorandum said.
IANS June 20, 2019 12:00 AM IST
It also suggested against tax deduction at source (TDS) from payment of interest to senior citizens.
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