Finance Minister Pranab Mukherjee Monday proposed to increase the income tax exemption limit for senior citizens by Rs 15,000, for women and others by Rs 10,000 each, while keeping the corporate

Finance Minister Pranab Mukherjee Monday promised to revamp the country's tax structure, with a simple and exemption-free regime in four years.

The government will work towards simplifying the tax structure in the next four years, Finance Minister Pranab Mukherjee said while presenting the union budget for 2009-10 in the Lok Sabha

Most of the senior citizens (except businessmen) do not enjoy any social security benefits and live solely on interest income from their life savings deposited with commercial banks and post offices.

From an IT /ITES industry perspective, the following are on the wish list that we expect the Finance Minister to consider:Extension of availability of benefits under Sections 10A and 10B

The Budget preparation process is a lot more challenging this time even to the politically savvy Finance Minister, Pranab Mukherjee.

The Government is likely to keep tax rates broadly unchanged in its Budget next Monday and explore other avenues such as 3G wireless spectrum auction and stake sales in state firms to raise

Life insurance companies are seeking creation of a separate category of savings under Section 80C of the Income Tax Act, for tax exemption on investments in life insurance policies. According to

Describing non-resident Indians as 'national resource' a grouping of NRIs led by Hindujas has asked the government for tax parity with foreign institutional investors on short-term gains in the

Budget should include all sections of people affected by inflation. Perse, the rate of inflation is of little relevance when the prices of food items, housing, and transportation remain high. Food