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Tax-exemption to partial withdrawal from National Pension System (NPS)

Tax-exemption to partial withdrawal from National Pension System (NPS) : This benefit will be effective on partial withdrawal made by the subscriber after 1st April 2017. Press Information Bureau Government of India Ministry of Finance 02-February-2017 12:20 IST New Benefits announced for NPS Subscribers in Union Budget 2017-18 In a bid to provide further impetus to … Read more

Budget 2017 : Income tax reduced by 5% for Income upto Rs. 5 lakh

Budget 2017 : Income tax reduced by 5% for Income upto Rs. 5 lakh Finance Minister announced in the budget speech for 2017-18 today in Lok Sabha, there were legitimate expectations of the salary class after demonetization to reduce the tax burden. He proposed reducing the present rate of income tax from 10 to 5 … Read more