“Not much for high income earners”
The Hindu
The Income Tax slab has not changed over the last few years. Given that the cost of living has increased drastically and also given the fact that the pandemic had made a huge impact on families the ta
The Income Tax slab has not changed over the last few years. Given that the cost of living has increased drastically and also given the fact that the pandemic had made a huge impact on families the tax slab should have been modified to help the salaried employees. The insurance for dependent parents, the deduction for it has not changed, for a salaried person that should have changed because insurance premiums have increased over last few years. Considering the pandemic, something should have been done on the insurance part. Some of these deductions are merely on paper without giving any relief for the salaried employees.
On the pros, apart from extending the revised return timeline and clarity on the crypto currency taxes, the rationalisation of surcharges on long term capital gains is welcome. It provides clarity and reduces the tax burden on certain transactions.
(Vijay Gopal work as a chief financial officer in Blue Koi and lives with his family of seven)
Election Results 2024: arrangements made for counting of votes in Vizianagaram, Srikakulam districts
Election Results 2024: Vizianagaram district administration prepares for vote counting in seven Assembly seats and one Parliament seat at JNTU-GV University.
Bengaluru saw one of its worst water crises in 2024 with ground water drying up and several parts of the city scrambling for water. With instances like BWSSB supplying treated wastewater to the construction industry, apartments being permitted to sell water from their STPs to the department, and lakes in parts of Bengaluru and neighbouring districts being filled with water from the 33 STP plants in the city, recycling of water became an important topic of conversation during this period.