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Currently, an individual can invest up to 12% of basic salary (including dearness) in EPFO. But through voluntary contribution, this limit can be increased to 100%.
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Union Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector in the Union Budget 2021-22. We have taken a number of steps to support the MSME sector in this budget. I have provided Rs 15,700 crore more than double the previous […]
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A Money9 Budget Conclave panel discussion hosted by Priyanka Sambhav and featuring Shweta Jain, Founder, Investography, Surabhi Marwah, Gauri Chadha, founder and CEO, Gauri Chadha & Associates, Surabhi Marwah, EY, Partner- Tax, discussed the good, bad and ugly of the budget.
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Union Finance Minister Nirmala Sitharama has presented the Union Budget for the year 2021-22. The first paperless budget is expected to work as an economic vaccine that will pave way for revival of the Indian economy.
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PM Narendra Modi said he has not seen so many positive announcements in the first hour of a Budget speech earlier.
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For those who do not maintain their vehicles well, this is a boon and for those who maintain their vehicles well, it would be a hill climb, said expert Tutu Dhawan.
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Senior citizens over 75 years of age have been exempted from filing income tax returns.
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Congress spokesperson Manish Tewari also alleged that the budget was a "national monetisation plan -- short hand for National Sell out" and there was "no central focus in Budget".
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Customs duty on copper scrap is reduced from 5% to 2.5% while customs duty on cotton is hiked from 0% to 10%. The duty on raw silk and silk yarn is also raised from 10% to 15%. To support domestic manufacturing in the solar sector, the duty increased for solar inverters from 5% to 20%. […]
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No Income Tax Return (ITR) filing for senior citizens above 75 years having pension and interest income.
