• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar

Govtempdiary

  • Home
  • 7th CPC Calculator
  • Pay Matrix
  • AICPIN

8th Pay CommissionPay Matrix
AICPINDA Calculator 2025

IT exemption limit for working women

July 23, 2014 by rajasinghmurugesan Leave a Comment

IT exemption limit for working women

GOVERNMENT OF INDIA
MINISTRY OF  FINANCE
RAJYA SABHA
UNSTARRED QUESTION NO-174
ANSWERED ON-08.07.2014

IT exemption limit for working women

174 . Smt. Wansuk Syiem
(a) whether Government proposes to raise the IT exemption limit for working women as an incentive for saving and economic security;
(b) whether there is also a proposal to reduce the age for tax exemption for senior citizens to 60 years from the present 65 years; and
(c) if so, the details thereof?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE:
(SHRIMATI NIRMALA SITHARAMAN)

(a) Any such proposal can be considered only during the Annual Budgetary exercise. The Budgetary exercise for the year 2014-2015 is currently under progress. Government’s response in this regard shall be reflected in the Finance (No.2) Bill, 2014.
(b) The age for providing higher basic limit of exemption to senior citizens under the Income –tax Act, 1961 is already 60 years.
(c) Nil, in view of (a) and (b) above.

source-http://rajyasabha.nic.in/

Filed Under: Income tax, Rajya Sabha Q&A

Recent Posts

  • 8th Pay Commission: Major Salary Hike Expected for Government Employees January 16, 2025
  • CPI-IW November 2024 Update – All-India Consumer Price Index January 6, 2025
  • EPFO UAN Activation 2024: AADHAAR Seeding Guidelines for ELI Scheme December 16, 2024
  • EPS Pension Increase: Updates on Minimum Pension Hike for 2024 December 13, 2024
  • Good News for Ex-Servicemen: ECHS Gets a Major Boost December 12, 2024

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

  • Home
  • 8th Pay Commission
  • 7th CPC Calculator [updated]
  • Pay Matrix
  • Dopt orders
  • DA News
  • AICPIN
  • DA 2024
  • DA Calculator 2025
  • Superannuation Date Calculator

GET FREE EMAIL UPDATE

Secondary Sidebar

Categories

Copyright © 2010–2025 - Central Government Employees News - Govtempdiary