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Tax sops, more funds for welfare, infrastructure in budget

Posted on: July 6th 2009 in Press Releases.

NEW DELHI: Promising to halve poverty by 2014 and add 12 million jobs each year, Finance Minister Pranab Mukherjee presented India’s budget for Budget this fiscal that hikes income tax exemption limit and steps up allocations for welfare schemes and infrastructure, while assuring hi…

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Pranab may restore standard deduction in Budget

Posted on: June 14th 2009 in Press Releases.

NEW DELHI: In an apparent attempt to put money into the pockets of the salaried class, finance minister Pranab Mukherjee may bring back standard deduction on income tax when he presents the Budget. In order to provide relief to the salaried class, the government may prefer the route of r…

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