Daily Archives: February 1, 2019
If your annual salary is Rs 5 lakh, you don’t gain by an increment of Rs 15,000, because your tax bill at this level would be Rs 15,000, so you’re effectively back to Rs 5 lakh. One way toget around this is to get a part of the increment in reimbursements to stay within Rs 5 lakh.
Currently, a rebate of Rs 2,500 was available on taxable income of up to Rs 3.5 lakh. But now all those in the Rs 5 lakh income bracket will have nil tax. Such individual taxpayers were earlier paying a tax of up to Rs 13,000, not be payable now. Collectively, it is expected to provide a tax benefit of Rs 4,700 cr to more than three cr earners and pensioners.
Last month, Trump had said regional countries like Russia and India should play a more active role in resolving the Afghan conflict. “We spend USD 50 billion a year in Afghanistan and have hit them so hard that we are now talking peace after 18 long years,” Trump tweeted
With less than three weeks to go for the arrival of the Australia team for their tour of India, Bengaluru police have expressed their inability to provide security for the first Twenty20 match in view of the Aero India show to be held in the city from February 20-24.
The insolvency filing comes weeks after Swedish network giant Ericsson petitioned the SC to arrest Anil over the recurring delays in payment of its dues worth Rs 550 crore, and accused the embattled businessman of engaging in “gross and wilful contempt” of the apex court. Also, it follows the failure of a spectrum trading deal between RCom and Jio.