Thursday, February 28, 2013

AICPIN for the month of January 2013

AICPIN for the month of January 2013 No. 5/1/2013-CPIGOVERNMENT OF INDIAMINISTRY OF LABOUR & EMPLOYMENTLABOUR  BUREAU ‘CLEREMONT’, SHIMLA-171004DATED: the 28th February, 2013 Press Release Consumer Price Index for Industrial Workers (CPI-IW) – January, 2013The All-India CPI-IW for January, 2013 rose by 2 points and pegged at 221 (two hundred and twenty one). On 1-month percentage change,...

Additional Deduction of Interest upto Rs.1 Lakh on Home Loan for First Home Buyer

Additional Deduction of Interest upto Rs.1 Lakh on Home Loan for First Home Buyer The Finance Bill 2013-14 proposes additional tax benefit to the first – home buyer who takes a loan for an amount not exceeding Rs.25 lakh. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram proposed that a person taking a loan for his first home from a bank or a housing finance...

Benefit under Section 80-D of the Income Tax Act for CGHS Extended to Similar Schemes of the Central Government and State Governments

Benefit under Section 80-D of the Income Tax Act for CGHS Extended to Similar Schemes of the Central Government and State Governments The Finance Bill 2013 proposes extension of benefits under Section 80-D of the Income Tax Act to such schemes of the Central Govt and State Govts that are similar to Central Govt. Health Scheme(CGHS). Presenting the Union Budget in the Lok Sabha today, the Finance...

Relief for Taxpayers in the Bracket of Rs.2 Lakh to 5 Lakh Tax Credit of Rs.2000 to Every Person with Total Income upto 5 Lakh

Relief for Taxpayers in the Bracket of Rs.2 Lakh to 5 Lakh Tax Credit of Rs.2000 to Every Person with Total Income upto 5 LakhThe Finance Bill 2013-14 proposes a relief of Rs.2000 to every person who has a total income upto Rs.5 lakh in a financial year. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that 1.80 crore taxpayers are expected to benefit...

Highlights of the Budget 2013

Highlights of the Budget 2013 Ministry of Finance The Union Budget for 2013-14 aims at higher growth rate leading to inclusive and sustainable development as ‘mool mantra’.  Finance Minister makes three promises: to women, youth and the poor. Nirbhaya Fund to empower women and to keep them safe and secure. Proposal to set up India’s first Women’s Bank as a public sector bank. Rs....

Union Budget Summary 2013

 Union Budget Summary 2013 The Union Budget for 2013-14 aims at ‘higher growth leading to inclusive and sustainable development.’ With this as mool mantra, the Finance Minister Shri P Chidambaram has sought to increase allocation to key areas and provide incentives for investments and savings while containing the fiscal deficit to 4.8% of GDP.Presenting the Union Budget in Parliament...

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