Opposition, treasury benches spar over Budget; DMK terms tax relief ‘sugar rush’ | India News

Opposition, treasury benches spar over Budget; DMK terms tax relief ‘sugar rush’ | India News

NEW DELHI: Opposition and treasury benches sparred in the two Houses Monday during discussion on Union Budget with Congress’ P Chidambaram saying Budget was “without a philosophy” and DMK’s Dayanidhi Maran calling tax relief a “sugar rush” which could not be sustained.BJP countered the statements and Anurag Thakur hailed Budget as a “force multiplier” and … Read more

Union Budget: No income tax up to Rs 12 lakh – a simple guide to what it actually means for taxpayers

Union Budget: No income tax up to Rs 12 lakh – a simple guide to what it actually means for taxpayers

NEW DELHI: Finance minister Nirmala Sitharaman on Saturday gave a big relief to the middle class as she announced zero income tax for up to Rs 12 lakh under the new tax regime.For salaried employees, this nil tax limit will be Rs 12.75 lakh per annum, after taking into account a standard deduction of Rs … Read more