Budget 2017 and Central Government employees demands Comrades , The budget for the year 2017-18 was presented by the Shri Arun Jaitleyji Hon’ble Minister of Finance on 1st Feb 2017 , the Central Government employees had lot of hopes of this budget especially on increasing the tax slabs and tax rates reduction , also on … Read more
Simple one- page Income Tax Return form – FM “A simple one- page Income Tax Return form for the category of individuals having taxable income upto Rs 5 lakhs other than business income.” “Finance Minister Shri Jaitley said that the present burden of taxation is mainly on honest tax payers and salaried employees who are … Read more
“Personal Income Tax: Personal income tax for people with income in the slab of 2.5 lakh to 5 lakh to be reduced to 5% instead of 10%. This will reduce their tax liability to half while all other tax payers above this slab will also be benefited in terms of lesser tax of Rs.12,500 per individual … Read more
No Cash Transaction above Rs 3 lakh – FM Press Information Bureau Government of India Ministry of Finance 01-February-2017 13:57 IST Budget gives a major push to Digital Economy; proposes No Cash Transaction above Rs 3 lakh Government to launch schemes to promote BHIM app, Aadhar Enabled Payment System Mission to be set-up to achieve … Read more
Finance Minister Arun Jaitley will present the annual budget today. For the first time it will be presented on the first of Feb. Well a lot is expected, from an increase in income tax exemption limits, to incentives for the MSME sector post demonetisation. It is also the first time that there will be no … Read more
Highlights of Union Budget 2017-18 1. All taxpayers above 5 lakh rupees to get benefit of 12,500 rupees across the board: FM 2. 10% Surcharge on individuals with income between 50 lakh to 1 Crore: FM 3. Surcharge of 10% for individuals earning between Rs 50 lakh- 1 crore; Surcharge for incomes > Rs 1 … Read more
Grant HRA at the Rate of 30%, 20% & 10% of 7th CPC Pay – NFIR General Budget 2017-18 – NFIR’s proposals for consideration No.IV/Budget/Part III 23.01.2017 Shri Arun Jaitley, Hon’ble Minister of Finance, North Block, New Delhi. Dear Sir, Sub: General Budget 2017-18 – NFIR’s proposals for consideration The National Federation of Indian Railwaymen … Read more