In view of high prices and cost of living, it is proposed to raise the tax free slab to Rs. three lakh.


http://www.indianexpress.com/news/exempt-income-up-to-rs-3-lakh-from-tax/911271/

G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

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This is really a great news i am hearing gulshan ji'


with rising costs of most commodities, it is a great boon

Swetha Shenoy
This is really a good news but still the finance minister will announced no one can say what will be.

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Its s good news gulshan ji,
This will be very helpful for middle class families.

Vinu
Even this amount is not suitable for most of the people as they are paying in so many different ways. People's life is getting tougher by the indirect taxes which they keep on imposing.

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What I feel is they should reduce or abolish indirect taxes which make life difficult for us. They may keep the direct taxes in affordable slabs and abolish some of the indirect ones.

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This has been a good move....some relaxation was necessary to cut down on the expenses now a days......

smriti
Gulshan ji

I need your help

Can you help me what i should do to pay income tax? My company is cutting only professional tax....

Previously i used to earn 96,000 per annum and now i am earning 2,22,000 per annum. how do i apply for income tax???

i am asking this because no one helped me and i want to learn myself. please help me!!!!!!!!

Swetha Shenoy
Gulshan ji

I need your help

Can you help me what i should do to pay income tax? My company is cutting only professional tax....

Previously i used to earn 96,000 per annum and now i am earning 2,22,000 per annum. how do i apply for income tax???

i am asking this because no one helped me and i want to learn myself. please help me!!!!!!!!


You get deduction of investments in PPF, CPF, LIC etc. up to Rs. 1 lakh under section 80(C) of Income Tax. This suffices to take you out of tax bracket.

G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

Let's hope for the best, this would be declared now. I am sure they would do their best to attract some lost ground.

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Budget session of parliament has begun. How budget may affect us. This link explains:

http://in.finance.yahoo.com/photos/what-the-budget-holds-in-store-for-you-1331363281-slideshow/

G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

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