Rebates News

While those with taxable incomes up to ₹5 lakh will go away the happiest from the interim budget, there is a little bit of good news for everyoneThe increase in standard deduction to ₹50,000 for the salaried class will help individuals save more tax

While calculating tax liability, exempt incomes are the first components that get reduced from your salary or other incomeYou can claim a deduction by making investments in specified products or by incurring certain expenses under different income tax sections

The State Council says the announced tax cuts would reduce firms' costs by more than 45 billion this year

The finance ministry clarified that most affordable housing projects attract a 12% GST, the effective rate of which falls to 8% after adjusting for the cost of land, which is not subject to GST

Companies found guilty of profiteering will also have to pay 18% interest on the quantum of GST rebate not passed on to consumers

Mitsubishi Motors hasn't decided on how it will compensate customers, said president Tetsuro Aikawa, who also told he wasn't aware of the improper testing

Opinion is divided on whether companies should get tax benefits for activities conducted as per the requirements of the CSR rules

Study shows people forget to rebalance their portfolios, mail in their rebates and forget payment due dates, due to memory loss

Efforts should be made to attract airlines rather than maximize returns, say experts; operators blame revenue model

Govt may scale down tax relief proposed in DTC draft