No Income Tax upon Rs. 3 Lacs.
Our Honorable Finance Minister, Mr. Arun Jaitley may have announce some good news for the salaried class in the budget for 2014-15 :-
1)In upcoming financial budget of 2014-15, govt can restructuring of tax slabs and increasing the income tax exemption limit from the existing Rs. 200,000 to more than Rs. 300,000 —Hence, A move that would leave more money in the hands of common people.
2)In this budget can also expect to reduce the age for tax exemption for senior citizens to 60 years from 65 years.
3)In this budget, Mr. Arun Jaitley may have announce the higher tax rate of 35% tax for the ''Super-Rich'' for those who earn more than Rs. 10 crore a year, and a wealth tax on host of assets such as expensive paintings.
Our Honorable Finance Minister, Mr. Arun Jaitley may have announce some good news for the salaried class in the budget for 2014-15 :-
1)In upcoming financial budget of 2014-15, govt can restructuring of tax slabs and increasing the income tax exemption limit from the existing Rs. 200,000 to more than Rs. 300,000 —Hence, A move that would leave more money in the hands of common people.
2)In this budget can also expect to reduce the age for tax exemption for senior citizens to 60 years from 65 years.
3)In this budget, Mr. Arun Jaitley may have announce the higher tax rate of 35% tax for the ''Super-Rich'' for those who earn more than Rs. 10 crore a year, and a wealth tax on host of assets such as expensive paintings.
The finance minister may table the budget on 11th July 2014.
Read more at: http://www.caclubindia.com/forum/budget-likely-on-july-11-294609.asp#.U5voWEBTBpA
Read more at: http://www.caclubindia.com/forum/budget-likely-on-july-11-294609.asp#.U5voWEBTBpA
The finance minister may table the budget on 11th July 2014.
Read more at: http://www.caclubindia.com/forum/budget-likely-on-july-11-294609.asp#.U5voWEBTBpA
This Regular Budget for the Financial Year 2014-15 is likely to be presented in July, 2014.Read more at: http://www.caclubindia.com/forum/budget-likely-on-july-11-294609.asp#.U5voWEBTBpA
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ReplyDeleteEmployees Provident Funds Consultant
Keep Posting:)