Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: VAT Audit :: articles on VAT and GST in India :: VAT RATES :: TDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: empanelment :: cpt :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Budget Extravaganza »
 With demonetisation inducing tax compliance will PM Modi cut tax rates in Budget 2017?
 State plan budget utilisation in Odisha
 Maharashtra wants budget advanced to February
 Coastal economic zones may get 10-year tax exemption in next Budget
 Why advancing the Union Budget date may not make much difference
 Govt keen 2017-18 budget should not clash with polls: Arun Jaitley
 Finance Ministry seeks industry suggestions on taxation for Budget
 Budget should focus on fiscal firm up
 Finance ministry keen to present Budget on February 2 or earlier
 Poor railway performance may mar merged Budget
 Cabinet’s formal nod to be sought for Budget on Feb. 1

Bigger tax breaks in the offing for women
February, 26th 2013

The UPA government is set to go all out to woo women in the coming budget with a slew of incentives including gender-oriented spending programmes, special savings schemes and greater tax exemptions covering everyone from students and professionals to widows and destitute women. The annual tax exemption for women is likely to be pegged at a level higher than men, sources told HT.
In the last budget, the government had kept the tax exemption limits at Rs. 2 lakh per annum for both men and women.

Sources said finance minister P Chidambaram is likely to signal a return to the earlier practice of keeping the annual tax exemption limits for women higher than the level for men.

Besides, the budget is likely to announce steps to encourage savings by women in financial instruments, such as insurance and pension products, as part of a larger plan to wean them away from locking up surplus funds in physical assets like gold.

Under the initiatives is a plan to make investment by women in insurance, pension and mutual funds, eligible for additional tax breaks, over and above the Rs. 1 lakh limit currently allowed under section 80C of the Income Tax Act.

While incentivising more financial savings by women, such steps will also help unlock and monetise part of the physical gold.

In addition, the finance minister is also expected to announce special lending schemes for destitute women, widows and students in the budget as part of the government’s overall focus on “gender-budgeting” that seeks to achieve a more “gender-equal” distribution of resources.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions