Union Budget: Nirmala Sitharaman shares reason behind increasing tax exemption to Rs. 12 lakh

Feb 02, 2025, at 10:36 pm

Union Finance Minister Nirmala Sitharaman has explained the reason behind increasing tax exemption to Rs. 12 lakh and said her government wanted to recognise the honest taxpayer and extend support to the middle class.

Budget 2024: Tax relief sought for employers' NPS contributions up to 12% of basic salary

Jan 13, 2024, at 04:32 am

New Delhi: The government should allow tax exemption for the contributions of up to 12 percent of employees' basic salary to the National Pension System (NPS), the chairman of the Pension Fund Regulatory and Development Authority (PFRDA), Deepak Mohanty said on Friday, according to media reports.

Govt increases the limit for tax exemption on leave encashment for non-government salaried employees

May 26, 2023, at 03:43 am

New Delhi/IBNS: The government has increased the tax exemption limit on leave encashment of non-government salaried employees from Rs 3 lakh to Rs 25 lakh.

Arun Jaitley announces doubling of tax exemption limit for small businesses

Jan 10, 2019, at 04:44 pm

New Delhi, Jan 10 (IBNS): In a bid to woo a certain section of the people ahead of the 2019 General Elections, the central government on Thursday announced a doubling of tax exemption limit for all small businesses, media reports said.