Home / Knowledge / News / Forthcoming budget likely to extend exemption limits
Forthcoming budget likely to extend exemption limits
28
Feb '08
Finance Minister, P Chidambaram, is likely to enhance the income tax exemption limits in the backdrop of impressive rise in the tax revenues and the necessity to give boost to consumer demand which needs to be insulated from the global slowdown, over 90 % of the CEOs Surveyed by ASSOCHAM on their Budget expectations revealed.

Unlike the last year when the income tax exemption limit marginally increased by Rs.10,000, from Rs.1 lakh, CEOs expect significant hike in threshold for all classes of the assets including women and senior citizens, according to a Survey of 185 CEOs by the ASSOCHAM Business Barometer (ABB).

Commenting on the analysis, the ASSOCHAM President, Venugopal N. Dhoot said that the rise in tax exemption limits may be accompanied by rejig in the income tax slabs. At present, the income up to Rs1,10,000 is exempted from income tax incase of individuals while the exemption limit is Rs.1,45,000 in case of women and Rs. 1,95,000 in case of senior citizens.

For details click here

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search