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KPMG Availability Statement: 2021 National Budget Address

KPMG Availability Statement: 2021 National Budget Address - A new tax reality!
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KPMG’s analysts available to comment on the 2021 National Budget Address (pre & post)
As South Africa approaches the 2021 National Budget address now, more than ever, the Minister is faced with what is portably the most challenging budget address in years as he aims to improve fiscal deficit by funding relief measures of the Pandemic while ‘keeping the lights on’. ....

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Budget 2021 Middle class tax payers benefits higher tax deductions Nirmala Sitharaman union budget

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Middle class to gain from higher tax deductions likely in Budget 2021
Middle class tax payers may get a lot to cheer about the Budget proposals to be presented by Finance Minister Nirmala Sitharaman next month. Sources said that the Budget 2020-21 may take the sops announced earlier under the Atmanirbhar Bharat package to help people in their fight against the Covid-19 pandemic further, by raising the basic tax exemption limit for an individual income tax payee to Rs 5 lakh from Rs 2.50 lakh at present to enhance net disposable income in their hands.
In the interim budget of 2019, the government had proposed a rebate on all payable taxes if an individual s taxable income is upto Rs 5 lakh per annum. But it kept the basic exemption levels unchanged. ....

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Government should realign income tax rates in Union Budget: KPMG

Government should realign income tax rates in Union Budget: KPMG
For individual taxpayers below 60 years of age, the income tax exemption limit is currently Rs 2.5 lakh p.a.
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By Express News Service
NEW DELHI: The government should realign income rates and slabs in the soon-to-be-announced Union Budget since the current limit has remained unchanged since financial year 2014-15, said consultancy firm KPMG in a recent note on its recommended changes in India’s income tax policy.
For individual taxpayers below 60 years of age, the income tax exemption limit is currently Rs 2.5 lakh p.a. Last year’s Budget provided some relief to taxpayers by allowing them to choose between the existing tax regime and an alternative optional new tax regime. However, the taxpayers aren’t allowed exemptions or deductions in the new taxation regime. ....

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Middle class to gain from higher tax deductions likely in Budget 2021

Middle class to gain from higher tax deductions likely in Budget 2021
daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.

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Budget 2021: Top 5 expectations from Nirmala Sitaraman

Budget 2021: Top 5 expectations from Nirmala Sitaraman
The common man who is still reeling under the effects of the pandemic is awaiting some relief from the upcoming union budget. The union budget will be presented by the countryâs finance minister Nirmala Sitaraman on February 1, 2021
A Man watches live telecast of Union Budget 2020-21 presentation at a television showroom in Kolkata, Saturday, Feb. 1, 2020.
Swapan Mahapatra
As India looks to recover from the devastating Covid-19 blow, the common man who is still reeling under the effects of the pandemic is awaiting some relief from the upcoming union budget. The union budget will be presented by the countryâs finance minister Nirmala Sitaraman on February 1, 2021. ....

Parizad Sirwalla , Kalpana Pathak , Global Mobility Services , Nirmala Sitaraman , Financial Year , Global Mobility Services Tax , Union Budget , கல்பனா பதக் , உலகளாவிய இயக்கம் சேவைகள் , நிதி ஆண்டு , உலகளாவிய இயக்கம் சேவைகள் வரி , தொழிற்சங்கம் பட்ஜெட் ,