Union Budget, Budget 2017, Finance Minister, Arun Jaitley, Narendra Modi, Prime Minister

Union Budget 2017-18

BUDGET FOR SALARIED PEOPLE

Claiming HRA deduction of more than Rs 50,000/month? Know the new tax rules

Renu Yadav

"In case the landlord (payee) does not have a Permanent Account Number (PAN), then the tax deduction shall not exceed the amount of rent payable for the last month of the previous year or the last month of the tenancy, as the case may be," said Poorva Prakash, Senior Director, Deloitte Haskins and Sells LLP.

Union Budget 2017: Tax proposals in annual Budget explained

More

Budget 2017: 5 key tax announcements Arun Jaitley made in budget speech

More

Possibility Of income tax rate cut in upcoming Budget: Union Minister

He also indicated there is a possibility of income tax rate cut in the upcoming budget which is expected on February 1.

More

Anti-avoidance tax rule to kick in from April 2017

General Anti-Avoidance Rule (GAAR) was part of the 2012-13 Budget speech of the then Finance Minister Pranab Mukherjee to check tax evasion and avoidance.

More

Double I-T exemption limit to Rs 5 lakh: Deloitte survey

Almost all respondents want the I-T exemption limit to be raised substantially while 58 per cent of the respondents were in favour of raising it to Rs 5 lakh.

More