No tax will be deducted on interest earned on bank and post office deposits of up to Rs 40,000 annually, up from Rs 10,000 now. Doubling the threshold exemption limit will increase the burden on the exchequer by Rs 18,500 crore.
The income tax department will give a "straight rebate" of Rs 12,500 to people having an annual income of Rs 5 lakh from the beginning of next fiscal, thus making their tax liability zero, CBDT Chairman Sushil Chandra said Friday, explaining the proposal made in the Union Budget for 2019-20.
In the last budget the rural jobs programme known as Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), had been allocated ₹ ₹55,000 crores with the government allocating another ₹6,082 crores earlier this month.
Latest on LeBron: James getting closer to NBA return While there's pressure on James to return, the team needs to make sure he's at 100 percent before letting him come back. James was selected this week to be a starter and a team captain in the NBA All-Star Game in Charlotte on February 17.
Winter Weather Advisory Issued for Tuesday The National Weather Service says snow is expected to develop Tuesday morning and continue through Tuesday night. The heavy snow should taper off by mid-morning but freezing rain could follow, according to the service.
For senior citizens (aged 60 years or above but less than 80 years), income up to Rs 3 lakh comes free of tax. Goyal said the tax scrutiny would be done electronically eliminating any interaction between the tax authority and the taxpayer.
There will also be no tax on notional rent on the second self-occupied house and no TDS on house rent up to Rs 2.4 lakh.
Goyal also announced an increase in the standard deduction, which provide for employee expenses, from Rs 40,000 to Rs 50,000.
The Indian automobile industry was watching the Interim Budget 2019 with great interest. The finance minister announced that within the next two years, the assessment of all tax returns will be done electronically without any personal interface.
If there is no deal on border security in less than three weeks that Trump would sign, there could be another government shutdown. Sulzberger said no to the invitation and offered an on-the-record chat with two Times reporters present, and Trump agreed.
A profile of Huawei chief financial officer , Meng Wanzhou , is displayed on a computer at a Huawei store in Beijing, Dec 6, 2018. The statement said China would "determinedly" defend the "legitimate" rights and interests of Chinese companies overseas .
Washington last week recognised opposition leader Juan Guaido as a legitimate interim president and called on Maduro to step down. At the briefing, Bolton reiterated , "The president has made it clear that all options are on the table", in regard to Venezuela.
Maurizio Sarri has suggested Chelsea's 4-0 defeat at Bournemouth might have been because he can not motivate his players. Antonio Conte , Sarri's predecessor, also publicly questioned his players in his second season at Stamford Bridge .
Tuesday's ambiguous votes won't mark the end of Britain's turmoil over Brexit: There could be a rerun in two weeks. Following the vote, Labour leader Jeremy Corbyn said he would be willing to enter into Brexit talks with Mrs May.
No Independent candidate has ever won a USA presidential election , although some have played the role of spoiler. As CEO of Starbucks , Howard Schultz got into the habit of signing his memos to employees, "Onward, Howard".
The Senate Judiciary Committee was set to decide Tuesday on whether to send his nomination to the full Senate floor for a vote. If the special counsel were fired or resigned, a public report would have to be released in two weeks.
Referee Bill Vinovich did not call for pass interference and the Saints settled for a field goal to take a three-point lead. His arguments tracked positions taken in weekend briefs filed by National Football League lawyers.
Sen. Cory Booker launches 2020 bid
Later mocked by Republicans for grandstanding, the senator exposed himself to punishment by releasing confidential documents. This report was featured in the Friday, Feb. 1, 2019, episode of ABC News' daily news podcast, "Start Here ".
WWE Royal Rumble 2019's Biggest Surprise Entrants
If we've learned anything about Ambrose the man, real name Jonathan Good, it's that he'll do what he wants, whenever he wants. After failing to make her way to the ring, Nia Jax would hurt Lana's ankle even more as she entered the match at number 29.
Why Celtics can't trade for Anthony Davis, despite best fit
Davis, 25, is eligible for a supermax contract extension over the summer, but told the Pelicans he would prefer a trade instead. As such, the Lakers are the "favorite" to land Davis according to these odds at +125 (5/4) and that makes sense.
U.S. Huawei charges test trade deal appetite
The criminal charges in Brooklyn and Seattle come as trade talks between China and the United States are scheduled for this week. In one case , Huawei tried to steal part of Tappy's robotic arm to allow engineers in China to replicate the device.
Met Éireann Warns Of 'Significant Spell' Of Snow
There is a lot of uncertainty with it, not just the whole rain turning to snow bit, which will disappoint some. The Harrogate district could be affected by snow and ice on Tuesday as an icy blast hits the region. .