The Finance Minister said individual taxpayers having taxable annual income up to Rs 5 lakh will get a full tax rebate. "But now PM Kisan Samman Nidhi scheme will benefit over 12 crore farmers who own 5 acres or less than 5 acres of land", Modi added.
People earning larger incomes do not benefit from the changes to the tax rules because there is no change in the slabs, but only a rebate, according to experts. "This will provide tax benefit of Rs 18,500 crore to 3 crore people", he added. No tax on notional rent on second house. He also announced that the TDS threshold on interest from bank and post office deposits will be raised from Rs 10,000 to Rs 40,000.
The government hopes to simplify tax interface further to increase collection and return filings. The benefit of roll-over of capital gains has been proposed to be increased from investment in one residential house to two residential houses for a taxpayer having capital gains up to ₹2 crore. "Within almost two years, all assessment and verification of IT return will be done electronically by an anonymous tax system without any intervention by officials". Under the current norms, they are required to seek a refund on tax deducted on interest income beyond Rs 10,000 per annum. This ensures that there would be a saving of Rs 12,500 for taxpayers who earn less than Rs 5 lakh.
NFL playoff 'do-over' suit in jurisdictional bog
The NFL received much criticism for the blown call in the days after the game by the Saints, fans and others within the league. US District Judge Susie Morgan has heard initial arguments and both sides have now entered into talks.
For senior citizens aged 80 years and above, income up to Rs 5 lakh was exempt from tax. He allocated ₹19,000 crores for the programme in the 2019-20 budget.
"After the failed budget promise of enhanced procurement of crops through a revised Minimum Support Price (MSP) formula in 2018-19, the Interim Budget will be the last chance for the government to woo a larger section of society by altering both taxes and outlays on the schemes", said expert.
Standard deduction on personal income tax for salaried people to Rs 50,000 from Rs 40,000.
But Spurs have made a decision to not pursue a deal despite the injury to Harry Kane keeping the England captain out until March. Michy Batshuayi joined Valencia during the summer on a season-long loan deal but the player has failed to impress in Spain.
Whitaker made the comment Monday during an unrelated news conference at the Justice Department in Washington. Democrats fear the memo is evidence Barr, who served as attorney general under President George H.W.
After the Prime Minister's overwhelming defeat on her deal a couple of weeks ago, some MPs are calling for a softer style Brexit. Jeremy Corbyn has been careful not to commit Labour to officially back such a poll, though.
McMaster, former National Security Council adviser, repeatedly warned Trump not to make a swift withdrawal from the Middle East. ISIS and al Qaeda have yet to be defeated. "Nobody knows what it is, but it's ugly", the Louisiana Republican said.
A permanent move away would make sense for the Belgian, however, we have failed with some transfers going on to become big names. As things stand, it looks like Batshuayi will have to decide between Real Betis and West Ham.
Amid signs that Trump's leverage in Congress is atrophying, he seemed to aim one tweet at his conservative followers. Trump told reporters at the Oval Office on February 1 that the federal government is already building the wall.
The report said the report showed that joblessness stood at 7.8 percent in urban areas compared with 5.3 parts in the countryside. Some sociologists say that there are instances of a correlation between high unemployment and an increase in criminal behaviour.
Ritchie's victor gave Newcastle breathing space at the bottom of the table, ahead of another tough game at Spurs on Saturday. I can imagine they are not happy with the situation, where are they, 11th? "I thought he might have given Origi another go".
It was Woods' first PGA Tour event of the year and first official tournament since winning the Tour Championship in September. Justin Rose matched a 36-hole tournament record to take a three-shot lead at the Farmers Insurance Open in San Diego.
Luke Walton gives update on LeBron and Rondo return date
The latest drama with James comes from ESPN's Brian Windhorst, who has covered James since he came into the league back in 2003. Since that game, the Lakers have gone 6-10 and fallen from the No. 4 seed in the West to two games out of the eight seed .
USA charges Huawei with stealing trade secrets, fraud
Earlier on Tuesday, Geng warned Washington in a statement to stop its campaign against Chinese enterprises, including Huawei. US commerce secretary Ross said in a statement the charges were "wholly separate" from US-China trade negotiations.
Arsenal defender Sokratis ruled out for a month
Maybe he's broken [his cheek or jaw] but I hope not. 'I'm happy because I think our work is good, but the result is bad. Earlier in the contest Sokratis landed awkward after an aerial dual with Jesse Lingard and was forced off.
Winter Storm Warning for South Central Wisconsin
The current projection is calling for potential lows on Tuesday night at 22 to 27 below with wind chills as low as 50 below. The winds are picking up too SE 7-17 miles per hour , so snow and blowing snow will be problematic all day... be careful.