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Home>2004 Tax Bracket
2004 Tax Bracket
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Everybody loves Chidambaram (Business Standard India)
The Union Budget 2008-09 will leave more money in every pocket. In his Budget speech, when Finance Minister P Chidambaram doled out a bonanza to four crore farmers by announcing a loan waiver of Rs 60,000 crore, a lot of urban Indians would have felt the jitters. Where would he get the money from? Old rates, new slabs, great savings! (The Hindu)
From April 1, 2008, your annual income up to Rs 1,50,000 will now be exempt from tax, way up from the existing limit of Rs 1,10,000. If you earn anywhere between Rs 1.5 lakh to Rs 3 lakh, you will need to pay only 10 per cent of your earnings as taxes. Crackdown costs spike as county plans cameras for every cruiser (The Washington Examiner)
Prince William County officials now estimate the illegal immigration policy that starts Monday will cost the county $6.4 million next year, about $4 million more than anticipated over the next budget year. Inflated art prices cost U.S. government millions (The Monterey County Herald)
LOS ANGELES — An alleged tax-fraud scheme involving donations of overvalued art to four local museums is part of a larger, unchecked problem with inflated art appraisals that has cost the federal government untold millions, a Los Angeles Times analysis has found. You have more money to invest wisely (rediff.com)
The Union Budget 2008-09 will leave more money in every pocket. INDUSTRY & ECONOMY (The Hindu)
EMPLOYMENT IIM-B placements from today; realty cos to take part Bangalore, March 3 Apart from the usual names in consulting, investment banks, IT and global management conglomerates, students of the Indian Institute of Management, Bangalore this year have the option of choosing a career in the real estate ... Inflated art appraisals cost U.S. government untold millions (Los Angeles Times)
The IRS audits few artwork donations claimed on tax returns that yield $1 billion in write-offs a year. Data suggest overvaluation is rampant. An alleged tax-fraud scheme involving donations of overvalued art to four local museums is part of a larger, unchecked problem with inflated art appraisals that has cost the federal government untold millions, a Times analysis has found. ... Caring for your parents will be rewarded now (Business Standard India)
HEALTH INSURANCE: Total deduction under Section 80D doubles to Rs 30,000. With an aim to address the issue of healthcare for the elderly, the Union Budget has proposed a deduction of Rs 15,000 per annum under Section 80D to an individual who pays medical insurance premium for his/her parents. Police make no arrests in first day of crackdown (The Washington Examiner)
Prince William County police interviewed four people in its first day of a crackdown against illegal immigrants Monday, but found no violations of U.S. immigration laws and made no arrests, police said last night. Significant rise in PIT returns (Kuensel)
3 March, 2008 - Personal Income Tax (PIT) collection is expected to see a significant increase for the 2007 income year, with the 86th session of the erstwhile Assembly reverting the tax rates, in December 2006, to its previous structure.
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