AXE THE TAX

  • Finance Minister fulfils 3 out of 5 demands put forth by CNN-IBN in Budget 2015 3 days ago

    The Finance Minister has fulfilled 3 out of 5 demands put forth by CNN-IBN. Transport allowance has been doubled to 1600 rupees per month and both health insurance benefits and tax exemption limit under the new pension scheme have been increased. ...
  • Axe the tax: Demand for increase in transport allowance 5 days ago

    One of the most popular expectations from people for the Budget is increase in transport allowance. ...
  • CNN IBN presents a list of demands to FM Arun Jaitley for Budget 2015 1 week ago

    Like every year, CNN-IBN team met Finance Minister Arun Jaitley and presented the recommendations from Budget 2015. These include increasing the income tax exemption limit from current 2.5 lakh, increasing annual medical reimbursement limit from current 15,000 rupees, hiking transport allowance from current 9,600 rupees per annum, increasing deduction...
  • Axe the tax: 5 key demands from Union Budget 2015 February 22, 2015

    Ahead of the Union Budget 2015, experts discuss people's expectations from the Modi government. ...
  • Axe the tax: Demand for more sops for women in the Budget 2015 February 20, 2015

    One of the most popular expectations from people for the Budget is more sops for working women. An IT professional Bhavna also said that education fee should be slated as a separate entity. "I am a single parent and this will bring a lot of relief to many women like...
  • Axe the tax: Hike cap on medical expenses from Rs 15,000 to 50,000 per year February 19, 2015

    In CNN IBN's special series 'Axe the Tax', one of the most popular expectations of the people from Budget 2015 is to hike the cap on medical expenses from Rs 15,000 to Rs 50,000 per year. ...
  • Axe the Tax: Raise Income Tax exemption limit to Rs 3 lakh February 18, 2015

    In CNN IBN's Axe the Tax series, the most popular expectation from Budget 2015 is to hike the income tax exemption limit to Rs 3 lakh from the existing Rs 2.5 lakh. ...
  • Axe the tax: Your wishes from Union Budget 2015 February 17, 2015

    The government has capped the amount of savings which qualifies for a tax exemption at Rs 1.5 lakhs. The limit includes all savings - life insurance, pension, interest on housing loans, tuition fees, PF, PPF etc. However, this a disincentive for those who want to save. ...
  • Axe the Tax impact: Exemption limits hiked in Budget 2014 July 10, 2014

    While announcing the Narendra Modi government's first Budget, Finance Minister Arun Jaitley reacted to CNNIBN's Axe the Tax campaign and increased the exemption limit on income to Rs 2.50 lakh from the current Rs 2 lakh. ...
  • Axe the Tax: What the common man wants from Jaitley's Budget July 10, 2014

    New Delhi: Ahead of the Narendra Modi government's first Budget, CNNIBN presented your wishlist of taxes that you want axed, to Finance Minister Arun Jaitley as part of its award winning Axe the Tax campaign. This year, you asked for an increase in the Income Tax threshold from Rs 2...
  • India @ 9 with Bhupendra Chaubey July 7, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • Axe the Tax: Your budget wishlist presented to Arun Jaitley July 7, 2014

    Finance Minister Arun Jaitley will present the Modi government's maiden budget on July 10. Ahead of the budget, CNNIBN has presented a wishlist to the Finance Minister which is a list of taxes that the views have recommended should be removed. The initiative is part of our award winning initiative...
  • Axe the Tax: Raise Income Tax exemption limit to Rs 5 lakh July 5, 2014

    Ahead of the Budget 2014, CNNIBN's Axe the Tax initiative looks at five taxes middle class India dislikes. Middle class families want the Finance Minister to raise the Income Tx exemption limit to Rs 5 lakh. ...
  • Axe the Tax: Increase tax deduction under 80 C from Rs 1 lakh to 3 lakh July 4, 2014

    Mathew and Vineetha George are IT professionals with two young children and the need to save for their future. The income and cost of living has risen over the years but the exemption cap of Rs one lakh on savings has stayed unchanged since 2007. A rise in this cap...
  • Axe the tax: Hike conveyance allowance in the Budget, urge taxpayers July 3, 2014

    Chennai: Anuradha Nair, a 27yearold social media manager navigates through Chennai's peakhour traffic everyday to get to work. Living 5 kilometres from her office, Anuradha spends at least Rs 3000 each month on fuel bills alone. "The cost used to be Rs 5 to 6 thousand a month because my...
  • Axe the Tax: Middleclass India says Rs 15,000 medical reimbursement not enough July 2, 2014

    Bangalore: Ahead of the Budget 2014, CNNIBN's Axe the Tax initiative looks at five taxes middle class India dislikes. The middle class India says Rs 15,000 medical reimbursement is not enough in these inflationary times and wants Finance Minister Arun Jaitley to increase the limit. Anantha Bhat's small family makes a...
  • Axe the tax: Home buyers seek exemption on loans July 1, 2014

    Kolkata: With a boom in the real estate sector, property prices have shot up dramatically in the recent years. 54yearold Sandeep Chatterjee who invested not just his life savings but also took a home loan at a hefty interest rate to build a dream home for his family of five,...
  • CNN-IBN gives list of suggestions by citizens for Budget to FM February 27, 2013

    New Delhi: A day ahead of the Union Budget 2013, speculations are that Finance Minister P Chidambaram is likely to present a political budget ahead of the polls. But the question is whether it will reduce taxes for the aam aadmi. CNN-IBN's 'Axe the Tax' campaign reached Chidambaram listing five...
  • Axe the tax: Raise tax exemption limit to encourage saving habits, demand citizens February 23, 2013

    The Budget is just around the corner and in CNN-IBN's 'Axe the tax', people demand increase in tax exemption limit to at least Rs 2 lakh, which may encourage more savings and boost saving options. ...
  • Axe the tax: Senior citizens want govt to raise cap on rental incomes February 21, 2013

    Kolkata: The Budget is just around the corner and in 'Axe the tax' CNNIBN met some senior citizens who want the government to stop levying tax on their bank interests and rental income. It's been more than ten years since Samar Kar retired as a senior bank executive. At 70,...
  • Axe the tax: People demand tax deduction limit on housing loans February 20, 2013

    In the run up to the Budget Session, CNN IBN's 'Axe the tax' gets voices of Indians on their expectations from Budget 2013. A Chennai resident Ravikumar says he is hoping for tax deduction limit on housing loans. ...
  • Axe the tax: Parents demand more tax breaks on tuition fees February 19, 2013

    Mumbai: In the run up to the Budget Session, CNNIBN's 'Axe the tax' touches upon upon tax breaks on tuition fees. With educational costs rising, most parents believe more tax exemptions are required. CNNIBN met up with a family in Mumbai. Two and a half year old Supriya will start school...
  • Axe the tax: Citizens seek revision of tax exemption limit February 18, 2013

    New Delhi: In the run up to the Budget, CNNIBN's Axe the Tax campaign looks at how does one save for their retirement and family. But the question is whether the government is encouraging the Indian citizens to put away enough. Ten years ago, the savings exemption limit was set...
  • Axe the Tax: CNNIBN presents tax wishlist to Pranab March 14, 2012

    CNNIBN's Axe the Tax campaign took your tax wishlist to the Finance Minister with the six taxes that you want the Government to axe. ...
  • CNNIBN presents Axe The Tax proposals to Pranab March 13, 2012

    New Delhi: CNNIBN presented Axe The Tax proposals to Finance Minister Pranab Mukherjee, who will present the Union Budget on March 16, on Tuesday. Axe the Tax proposals are those s taxes which the common man wants to be modified or abolished. The Axe The Tax for financial year 201213...
  • Amend tax laws for senior citizens: 70yrold to FM March 13, 2012

    Kolkata: A senior citizen Manik Dabriwal wants tax laws to be amended so that citizens above the age of 60 years can claim deductions on the medical insurance premium paid by dependents. Manik, a 70yearold businessman, spends his days catching up on the news that is something he didn't have time...
  • Remove tax on clubbable income: Jaipur hotelier to FM March 12, 2012

    Jaipur: Finance Minister Pranab Mukherjee will present the Budget on March 16. A hotelier from Jaipur Prithvi Singh from Jaipur requests the Fiance Minister to remove the tax on clubbable income provision from the Income Tax Act. It's a week short of Prithvi and Pratibha Singh's 16th wedding anniversary and Prithvi...
  • Axe healthcare tax: Indian medical fraternity March 9, 2011

    New Delhi: Ever since the govt announced a new service tax on healthcare services this union budget, pressure has been growing to announce a rollback. Noted cardiac surgeon Dr Devi Shetty launched a nationwide appeal calling this a misery tax. Dr Devi Shetty, Cardiologist and Chairman, Narayana Hrudaylaya said, "India...
  • Union Budget 2011 spares the axe February 28, 2011

    By R Jagannathan, Editorinchief, Web 18 business portals The Union Budget for 201112 presented by Finance Minister Pranab Mukherjee to Parliament on Monday is widely seen as taxpayer and marketfriendly. While it provides tax relief to individual taxpayers and corporate assessees, it has also sought to avoid any acrosstheboard increases in...
  • Axe The Tax: 5 taxes that India wants axed February 26, 2011

    As India gets ready for Budget 2011, CNNIBN brings you five taxes that Indians do not want. ...