Tax Concessions

  • 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...
  • Budget 2011: concessions and incentives expected February 28, 2011

    New Delhi: The salaried class and the farmers can expect some goodies from the Finance Minister Pranab Mukherjee. Keeping an eye on assembly elections in five states, in Budget 2011-12, Mukherjee is likely to give tax concessions to the salaried class and offer incentives to farmers to give relief from...