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. ...
05:05 PM, Feb 23, 2013
In the run up to the Budget Session, CNN-IBN's 'Axe the tax' touches upon upon tax breaks on tuition fees. With educational costs rising, most parents believe more tax exemptions are required. CNN-IBN met up with a family in Mumbai. ...
09:49 AM, Feb 19, 2013
In the run up to the Budget, CNN-IBN'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. ...
09:24 AM, Feb 18, 2013
Ten main political parties of the country had a whopping Rs 2,490 crore of tax-exempted income in the last five years, according to information from the Income Tax department through an RTI plea. Of this the ruling Congress and the main Opposition party BJP have cornered more than 80 per cent. ...
06:03 PM, Dec 02, 2012
New Delhi: The CBDT on Thursday rejected the charge that it was harassing Yoga guru Ramdev against whom it has slapped a Rs 58 crore notice for alleged violation of tax exemption provisions given to his trust. "As far as allegation of harassment of Baba Ramdev has been made by you...I would like to say that the department has a very well laid out grievance redressal mechanism. "If the assessing...
03:24 AM, Sep 07, 2012
New Delhi: Giving some relief to tax payers, Finance Minister Pranab Mukherjee on Friday proposed raising the income tax exemption limit for individuals to Rs 2 lakh per annum from Rs 1.80 lakh. Unveiling the Budget proposals for 2012-13 in the Lok Sabha, he also increased the limit to Rs 10 lakh under the 20 per cent tax slab. The current limit is Rs 8 lakh. "My proposals on direct...
01:42 PM, Mar 16, 2012
CNN-IBN travels across the country to know what the country wants from the Finance Minister this budget. ...
11:19 AM, Mar 12, 2012
New Delhi: With just a week left before the Union Budget for the year 2012 is announced, the Parliamentary Standing Committee on Direct Taxes has recommended major tax reforms, including a raise in the tax exemption limit for annual income up to Rs 3 lakh. The panel has also recommended some changes in the tax rate on various income groups, ranging from 10 per cent to 30 per cent. According...
04:01 PM, Mar 09, 2012
New Delhi: Tax experts have always been advising us to save for our retirement and for our family, and all the savings can even help us save on income tax. But is the government encouraging us to put away enough? Many Indians want to be able to save much more. Anya, who is a school going kid, is too young to know what inflation is, but it will impact her...
08:38 AM, Mar 09, 2012
New Delhi: Ahead of the Budget, a key Parliamentary panel scrutinising the Direct Taxes Code (DTC) is likely to recommend raising of income tax exemption limit to Rs 3 lakh and tax breaks on investments to Rs 2.5 lakh. "There is a consensus among the members that annual tax exemption limit be raised to Rs 3 lakh," sources said after the meeting of the Parliamentary Standing Committee on Finance chaired...
04:56 PM, Feb 24, 2012
New Delhi: The government is likely to provide some relief to individual income tax payers in the forthcoming Budget by raising the exemption limit to Rs 2 lakh, as provided in the Direct Taxes Code (DTC), and hiking the slabs for different tax brackets. The possibility of lowering the tax rates, however, is remote in view of the fiscal constraints being faced by the government, sources said, adding that the...
05:10 PM, Feb 06, 2012
New Delhi: Sports Minister Ajay Maken, Information and Broadcasting Minister Ambika Soni and Tourism Minister Kumari Selja objected to the tax waiver to the International Cricket Council in a Cabinet meeting on Thursday, sources said. The Cabinet had on Thursday approved a Rs 45 crore service tax exemption to the ICC, but sources have said that UPA members were not on the same page over the issue. Sources have said...
01:53 PM, Apr 01, 2011
New Delhi: In a relief to the International Cricket Council, the government on Thursday approved tax exemption of about Rs 45 crore for incomes from the ongoing World Cup. The decision was taken at a meeting of the Cabinet, which was also attended by Agriculture Minister Sharad Pawar, who is currently the President of ICC. "The tax exemption will on the income arising in India from the ICC World Cup...
06:37 PM, Mar 31, 2011
As India gets ready for Budget 2011, CNN-IBN brings you five taxes that Indians do not want. ...
09:10 PM, Feb 26, 2011
New Delhi: While corporates and political parties lobby for better deal, ordinary tax payers are the ones who often get a raw deal during the budget. ‘Axe the Tax’, a CNN-IBN campaign has been taking people’s concerns to the Finance Minister for the last four years. Powered by citizens, the campaign has got finance ministers to change or tweak some of the outdated tax laws in the country. This year...
09:45 AM, Feb 26, 2011
New Delhi: Tax experts always tell us to save, but is the government encouraging us to put away enough? Little Vivan was playing under the watchful gaze of his parents. But while Vivan was be happy-go-lucky, his parents have other things on their minds - how to save for their family, and how much to save. "Having a baby means an additional member of the family and the resultant additional...
10:40 AM, Feb 23, 2011
Has welcomed the decision to broaden the tax exemption limits. ...
06:35 PM, Feb 26, 2010
eTDS helps you to understand the TDS process and doubts that arise out of it. ...
04:04 PM, Jul 05, 2009
CNN-IBN turns the proverbial act into the direction of public policy. ...
03:37 PM, Jul 04, 2009
It allows tax exemption in lieu of work related expenses. ...
05:56 PM, Jul 03, 2009
