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Budget 2017: Will the Income Tax Exemption Limit be Raised?

To alleviate the common man’s sufferings and minimize any adverse impact of demonetization on day-to-day lives, the Finance Minister has already hinted in his speeches that income tax slabs could further be increased, lowering the tax burden on taxpayers due to higher revenue being collected on account of cashless systems. The FICCI and ICAI have […]

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Tax benefit to employee on Medical Reimbursement of up to Rs.15,000

A lot of health benefits have become available to employee these days & with stretched working hours, job stress & other genetical factors, medical expenses incurred on yourself, spouse or children have become very common. Medical Reimbursement is an arrangement under which employers reimburse the portion of the health expenses incurred by the employee. The […]

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