Latest News
-
1:3 Bonus Share, Rs 13.25/Share Dividend: Buy Maharatna PSU, TP Rs 355, Fundraise Approved -
Results, Dividend, Fundraise On April24: Buy Top Bank Stock Amid Rich Valuation, TP Rs 1400: Nomura -
1:4 Bonus Shares, Rs 7 Dividend: Big Update Announced; Buy The FMCG Stock? -
1:10 Stock Split: 1 Rs 980 Smallcap Has Split Into Ten Shares; Check Out New Price Level, Fundamentals! -
Rs 2.50/Share Final Dividend: Record Date In Due Course; Buy The ITC Group Stock? -
Rs 95/Share Dividend: Record Date On 28th June; Buy Mahindra Group Stock To Be Eligible? -
5 Bonus, Rs 28/Sh Dividend: IT Giant Infosys Beats Estimates In Q4FY24, But ADR Falls Sharply; Here's Why! -
1:10 Stock Split Approved: Small Cap Stock Issues Warrants, Shares Gain 111% YTD -
Wipro Q4 Results Preview: Weak Demand Likely To Drag Revenue Sequentially, EBIT Margins Seen Stable -
Rs 6/Share Final Dividend Declared: Buy The Blue Chip Stock To Be Eligible?
No major sops likely for salaried class in Budget: Report
Quoting sources tell CNBC-TV18 the news report said that the Budget document may not announce any major exemptions for professionals due to lack of fiscal space.
"The government's "hands are tied" as there is limited room for big bold move in the Budgets," the report added, quoting sources.
The only exemption that may be hiked is the interest exemption on housing loans which could go upto Rs 3 lakhs from Rs 1.5 lakhs.
There have been expectations that the limit on tax exemption under Sec 80c of the Income Tax Act would be hiked to Rs 3 lakh from the current Rs 1 lakh, while the basic tax exemption limit on Income Tax would be hiked to Rs 5 lakh.
The common man could be hugely disappointed if there are no sops offered in the Union Budget, since there are very high expectations from the new government under Narendra Modi.
However, the government is likely to face severe constraints in offering sops to the salaried class given the huge fiscal deficit, following a rise in subsidy costs.
GoodReturns.in
