No deduction from salary for CMDRF without consent, says Finance department

No deduction from salary for CMDRF without consent, says Finance department

The State government will not make deductions from the salaries of government employees who have not given their consent for contributions to the Chief Minister’s Distress Relief Fund, Additional Chief Secretary (Finance) A. Jayathilak said on Saturday. The government had urged employees to contribute five days’ salary to the CMDRF in connection with a salary … Read more

Budget expectations: Separate tax deduction limit and no GST on insurance plans

Budget expectations: Separate tax deduction limit and no GST on insurance plans

In the wake of a transformative year for the insurance industry, marked by the influx of new companies, technological innovations, and changing consumer dynamics, the stage is set for competitive landscape with the need to increase insurance penetration in the country, which is currently at 4%. The good part is that Indians have become more … Read more

Interim Budget 2024: Will standard deduction of Rs 50,000 get a hike?

Interim Budget 2024: Will standard deduction of Rs 50,000 get a hike?

The Interim Budget 2024 is just around the corner and the middle-class taxpayers are holding their breath, hopeful for some relief in the form of income tax concessions. If Finance Minister Nirmala Sitharaman proposes it in the interim budget 2024 scheduled for February 1, ahead of the general elections, it would provide a much-needed boost … Read more