Government notifies doubling of limit of tax-free gratuity to Rs 20 lakh
The Payment of Gratuity Act, 1972 applies to establishments employing 10 or more persons.
Mar 30, 2018, 15:05 PM IST
7th Pay Commission: Parliament passes Bill to double tax-free gratuity to Rs 20 lakh
The legislation will enable the government to enhance the ceiling of tax free gratuity to Rs 20 lakh from the existing Rs 10 lakh for employees falling under the Payment of Gratuity Act.
Mar 22, 2018, 13:22 PM IST
Gratuity up to Rs 20 lakh to become tax-free soon: All you need to know
Now, the bill will go to the Upper House for consideration and passage.
Mar 16, 2018, 18:39 PM IST
Budget 2018: Expect increase in better healthcare facilities
The public-sector investment on healthcare accounts for less than 1.5 percent of GDP, which is one of the lowest globally, and the government intends to increase the expenditure to 2.5 percent of GDP by 2025.
Jan 31, 2018, 08:46 AM IST
Budget 2018: E-commerce sector hopeful of corporate tax reduction
Here are some expectations from the sector, ahead of this year`s Union Budget:
Jan 31, 2018, 08:43 AM IST
CII seeks easier GST compliance procedures in Budget
The landmark tax reform was introduced on July 1, 2017.
Jan 31, 2018, 08:35 AM IST
Union Budget 2018: Expectations across markets and corporate sectors
The government is widely expected to increase spending to ensure growth recaptures momentum, but most investors expect it to be prudent as loosening fiscal deficit targets by too much would likely spark a sell-off in the bond market.
Jan 30, 2018, 14:11 PM IST
Budget 2018: Here is what retail sector is expecting from FM Arun Jaitley
In the run up to the budget, retailers have asked the government to simplify GST system and grant industry status to the sector for easier access to finance and attract more investments.
Jan 29, 2018, 17:12 PM IST
Budget 2018: Mutual fund body expects increase in benefit of Section 80C
Industry body CII has demanded that the holding period for units of debt mutual fund must be restored to 12 months from 36 months to qualify as long-term capital gains and bring it at par with equity market.
Jan 29, 2018, 17:06 PM IST
Budget 2018: Govt may announce National Agriculture Export Policy
Sources told Zee Business that under the new policy, farmers will be able to directly sell their produce in the export market through a web portal.
Jan 23, 2018, 17:12 PM IST
Gratuity up to Rs 20 lakh may become tax-free soon
The government wants to increase the limit of tax-free gratuity from Rs 10 lakh to Rs 20 lakh for workers in the organised sector.
Jan 23, 2018, 15:24 PM IST
Retailers seek industry status, GST simplification in Budget
The industry is also seeking relaxed FDI regime for multi-brand retail trade (MBRT) as also incentives to be provided for setting up warehousing and cold-chain storage facilities.
Jan 18, 2018, 13:39 PM IST
Disincentivise cigarette smuggling through tax policy: FAIFA
FAIFA said seizure of smuggled cigarettes has doubled in the last two years indicating the increase in smuggling.
Jan 16, 2018, 15:12 PM IST
Govt may abolish dividend distribution tax in Budget: EY
DDT has become burdensome for corporates due to various factors such as high rate, litigation on disallowance and hence the return on capital employed has significantly diminished.
Jan 15, 2018, 18:00 PM IST
Union Budget 2018: Road Ministry likely to get 71,000 crore
It will be Modi government’s last full budget before Lok Sabha elections of 2019.
Jan 11, 2018, 12:48 PM IST
COAI seeks relief on tax demand over rebate on SIM sale
Telecom companies transfer prepaid vouchers and SIM cards to independent distributors at a discount, who then sell them to retailers and subscribers.
Jan 11, 2018, 12:01 PM IST
FPCE demands action against builders enriching themselves under guise of GST
The FPCE, which is working for the cause of homebuyers, said the double burden of Equated Monthly Installment (EMI) and rent is breaking the backbone of a homebuyer for no fault of his or her.
Jan 11, 2018, 12:00 PM IST
