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The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Direct tax collection up at Rs 5.82 lakh crore till Jan

According to Finance Ministry, personal income tax collection showed a 21 per cent growth in Apr-Jan period.

10 Feb 2017 4:20 PM IST

Waiver will bleed Maha white

Waiver will bleed Maha white

Already in the red, state may cut spending on infra projects by 20%.

25 Jun 2017 1:26 AM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

Law review panel to take final call on GST suggestions: Finance...

The next meeting of the Law Review Committee is due on Wednesday and Thursday.

9 Dec 2017 11:52 AM IST

Under the provisions of recently introduced section 139AA of the Income-Tax Act, 1961, with effect from July 1, 2017, all taxpayers having Aadhaar Number or Enrolment Number are required to link the same with PAN. (Photo: Representational Image)

Government extends deadline to link PAN with Aadhaar to March 31

'It has come to notice that some of the taxpayers have not yet completed the linking of PAN with Aadhaar,' FinMin says.

8 Dec 2017 1:13 PM IST

Attorney General Mukul Rohatgi informed the apex court that Aadhaar is unique and could not be duplicated. (Photo: PTI)

Deadline for PAN-Aadhaar linkage extended till March 31

This is the third extension given by the govt to individuals to link the PAN with the biometric ID.

8 Dec 2017 1:06 PM IST

15th Finance Commission chairman N.K. Singh. (Photo: PTI)

N K Singh, Patel discuss devolution of taxes to Centre, states

Commission would be greatly benefited by analytical and domain knowledge of RBI in these specialised areas.

8 Dec 2017 10:46 AM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

FRDI bill won't hurt depositors, claims Finance Ministry

The bill was presented in Lok Sabha in August before it was referred to a joint committee of Parliament.

8 Dec 2017 2:19 AM IST

Finance Ministry

FRDI Bill depositor friendly, provides more protection: Finance...

Provisions in the FRDI Bill do not modify current protections for depositors adversely at all.

7 Dec 2017 4:21 PM IST

Customs duty on some other items like electric filament and discharge lamps was also tweaked. (Representational Image)

Govt raises customs duty on some electronic items including TV

Customs duty on television set has been increased to 15 per cent from the existing 10 per cent.

15 Dec 2017 12:33 PM IST

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

Govt to discuss MDR rate issue with RBI: official

The MDR charges are capped at 0.90 per cent for other merchants limited to Rs 1,000 per transaction.

14 Dec 2017 10:48 AM IST

Economic Affairs Secretary Subhash Garg. (Photo: ANI)

Infra sector to attract USD 12-13 billion investment via NIIF: Garg

Govt is also thinking of more such innovative instruments to fund iconic, national level infrastructure.

13 Dec 2017 12:22 PM IST

Increase social security pension in budget: Experts to Jaitley

Some economist also recommended imposition of long term capital gains tax on equity.

11 Dec 2017 6:00 PM IST