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Common Man's Budget

Falling home prices plus tax breaks = New hope for buyers

For those who have been eyeing a home for years, 2020 may be a good year to jump in. Home loan rates are down, as are proper...

Taxpayer, investor, consumer: Who won and who lost

Dividends will now be taxed in hands of recipient taxpayer. Rich shareholders will pay tax at 30% plus surcharge and cess, as...

Here is what has become cheaper and costlier

Sitharaman proposed reduction in duties on these items in the Budget for 2020-21.

Employer’s contribution to PF over Rs. 7.5L set to be taxed

The provision will lead to higher tax liability on both the employee and the employer, a senior government official told ET. ...

The things consumers got (and did not get) from the FM

So, what did the FM actually give the common man — the consumer and the taxpayer — today?

Power tariffs may fall as corporate taxes reduced

“The time-bound proposal to shift to pre-paid smart meters can truly help utilities improve cash collection as well as for co...

Featurphone prices to increase after PCBA duty hike

The government announced a 20% customs duty on PCBA which currently attracts a 10% customs duty, thus encouraging local produ...

Should you opt for the new income tax regime?

Various tax sops, be it for your salary perks or investments that you make, help reduce your tax outgo.

Life insurance may lose lure as sops turn optional

Stocks on insurance companies fell following the budget announcement. Insurers say insurance was always a push product and no...

Deposit insurance raised five times, to Rs 5 lakh

Before the budget, the government was discussing the proposal to double the insurance cover on bank deposits to Rs 2 lakh

The deceptive rise in India’s income tax base

The deceptive rise in India’s income tax base

The government has been able to make more people file tax returns by applying spending filters (e.g. annual electricity bill,...

Decoding the income tax changes in Budget 2020

Decoding the income tax changes in Budget 2020

Employer’s contribution to provident fund, National Pension System and superannuation fund exceeding in aggregate 7.5 lakh pe...

New tax regime: Exemption loss may wipe out your income tax gains

New tax regime: Exemption loss may wipe out your income tax gains

The Finance Minister, in her speech, mentioned that a person earning Rs 15 lakh in a year and not availing any deduction will...

Budget 2020 proposes to ease employees taxation burden, but many to miss out on ESOP relief

Budget 2020 proposes to ease employees taxation burden, but many to miss out on ESOP relief

ESOPs are currently taxed when they become eligible for allotment, which puts financial burden on employees as they may not b...

Budget 2020: 5% tax collection at source for remittances over Rs 7 lakh

Budget 2020: 5% tax collection at source for remittances over Rs 7 lakh

The finance bill states that banks who receive Rs 7 lakh from an individual for remittance out of India under the LRS or from...

Customs duty on imported wall fans, tableware, kitchenware hiked

Customs duty on imported wall fans, tableware, kitchenware hiked

Customs duty on wall fans increased to 20%. duty on catalytic converters, parts of commercial vehicles, other than electric v...

Budget 2020: Customs duty on imported footwear, furniture hiked

Budget 2020: Customs duty on imported footwear, furniture hiked

Food to furniture to EVs, imports set to cost more as GoI bets on Make in India push.

Six income tax slabs in, 70 exemptions out: Impact on taxpayers

Six income tax slabs in, 70 exemptions out: Impact on taxpayers

Salaried taxpayers who opt for the new regime will have to forgo the standard deduction as well as exemptions under chapter V...

Budget 2020: Simpler and lower tax, but will it discourage savings?

Budget 2020: Simpler and lower tax, but will it discourage savings?

The key issue that I’m personally concerned about is whether this new optional tax regime is a disincentive for savings.

Lower tax rates: A mixed bag for savings, consumption

Lower tax rates: A mixed bag for savings, consumption

The government has offered a lower income tax regime in order to generate consumption and demand in the wake of slow economic...

Budget 2020: Tax rejig to leave 'NRIs' and rich poorer

Budget 2020: Tax rejig to leave 'NRIs' and rich poorer

High income earners could find staying with old I-T regime more attractive.

Budget 2020: NRIs to face more tax compliance issues

Budget 2020: NRIs to face more tax compliance issues

According to the proposal, income earned abroad will be exempt if any tax is paid in another country. The question that aris...

'Single online test for non-gazetted posts; scores to be valid for 3 years'

'Single online test for non-gazetted posts; scores to be valid for 3 years'

Finance Minister Nirmala Sitharaman said a National Recruitment Agency (NRA) was proposed for conduct of a computer-based CE...

What you will lose if you opt for the reduced tax rates and new tax

What you will lose if you opt for the reduced tax rates and new tax

All deductions under chapter VIA will not be claimable by those opting for the new tax regime, as per Budget 2020.

Budget cuts income tax rates, rejigs tax slabs to give relief to individuals

Budget cuts income tax rates, rejigs tax slabs to give relief to individuals

Once these proposals are passed by the Parliament, these changes will become effective from the financial year 2020-21.

The big breaking on tax: Slab rejigs proposed, here's how it impacts you

The big breaking on tax: Slab rejigs proposed, here's how it impacts you

Under the new regime, an individual with an income between Rs 5L and Rs 7.5L will need to pay tax at 10%.

Single test for non-gazetted govt jobs

Single test for non-gazetted govt jobs

The government has decided to set up a single test for recruitment to non gazzetted posts.

Govt moves to provide internships to fresh engineers to help with employability

Govt moves to provide internships to fresh engineers to help with employability

India produces millions of engineers a year, only few of whom find jobs due to inadequate skills.

FM lays out Rs 99,300-crore blueprint to take education to next level

FM lays out Rs 99,300-crore blueprint to take education to next level

The FM announced a Rs 99,300 crore outlay for the education sector and Rs 3,000 crore for skill development.

Govt mulls changes in PFRDA Act; to separate it from NPS Trust for govt staff

Govt mulls changes in PFRDA Act; to separate it from NPS Trust for govt staff

She also said that the government will help ease in mobility while in jobs.

DDT is gone! Big Budget move for stock markets

DDT is gone! Big Budget move for stock markets

DDT is a surrogate tax and it obstructs the flow of FDI. Doing away with this tax can give a major push to investment.

More Tejas trains to connect iconic tourist destinations on the cards

More Tejas trains to connect iconic tourist destinations on the cards

Finance minister Nirmala Sitharaman announced that more Tejas trains are on the cards to connect iconic tourist destinations....

Union Budget: 100 new airports to be developed under UDAN scheme

Union Budget: 100 new airports to be developed under UDAN scheme

This is in line with the government's commitment to promote domestic travel and include those areas which haven't been connec...

Very little of consequence now is left in the Budget

Very little of consequence now is left in the Budget

Preparing for specific events is the worst way of planning one’s investments, more so the Union Budget. There’s a lot in inve...

20% TDS if employee doesn’t share PAN or Aadhaar

20% TDS if employee doesn’t share PAN or Aadhaar

Centre had amended the law to make sharing of Aadhaar must in case someone does not have a PAN.

Budget 2020 should increase tax break under section 80C

Budget 2020 should increase tax break under section 80C

Section 80C is at the core of tax-savings for all categories of individuals. Whether the individual is a government employee,...

What does the common man want from the budget?

What does the common man want from the budget?

A series of prebudget polls by Local Circles show that respondents want the govt to raise the basic tax exemption limit and L...

More cash in hand for you this Budget?

More cash in hand for you this Budget?

Finance Ministry may allow tax exemptions of up to Rs 2.5L for savings and up to Rs 50,000 for NSC.

PM Modi keen to move beyond gradual moves in Union Budget

PM Modi keen to move beyond gradual moves in Union Budget

PM Modi seems keen to present a budget that goes beyond incrementalism and gradualism.

All eyes on Nirmala Sitharaman's second Budget for tax relief

All eyes on Nirmala Sitharaman's second Budget for tax relief

Nirmala Sitharaman faced flak for not doing enough to revive a slowing economy in her maiden July 5 Budget.

Budget 2020: 20 tax-payer friendly ideas for the Finance Minister

Budget 2020: 20 tax-payer friendly ideas for the Finance Minister

ET Wealth reached out to financial services cos and taxpayers on what they want to see in this budget.

Budget 2020: Income tax cuts, slab rejigs on FM's table

Budget 2020: Income tax cuts, slab rejigs on FM's table

The govt is considering giving more money to people via schemes such as PM-KISAN, boosting infra spend.

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