Statutory refund interest requires correction of short computation and compensation where admitted interest remains unpaid through administrative dela...
Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
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Income tax relief proposed for salaried individuals and pensioners opting for new tax regime. Standard deduction for salaried employees increased from Rs. 50,000 to Rs. 75,000. Deduction on family pension for pensioners enhanced from Rs. 15,000 to Rs. 25,000. Revised tax rate structure with rebate up to Rs. 7 lakh income. Salaried employee to save up to Rs. 17,500 annually.
Income tax relief proposed for salaried individuals and pensioners opting for new tax regime. Standard deduction for salaried employees increased from Rs. 50,000 to Rs. 75,000. Deduction on family pension for pensioners enhanced from Rs. 15,000 to Rs. 25,000. Revised tax rate structure with rebate up to Rs. 7 lakh income. Salaried employee to save up to Rs. 17,500 annually.
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