Even though automobile sales in the domestic market were lukewarm, a number of car companies like Hyundai India and Maruti
Suzuki have managed to push up volumes by offering hefty discount packages for government employees in the country. (more…)
November 10, 2008
The industry and trade unions have supported the government proposal to raise the tax exemption limit for gratuity funds to
Rs 10 lakh from the present Rs 3.5 lakh for both government and private sector employees.
The Federation for Indian Chambers of Commerce and Industry (Ficci), for instance, wants it to be implemented as early as
possible. (more…)
Sixth Pay Commission: ‘Advance tax growth to slow in December quarter too’
Q&A: Saroj Bala
Prashant K Sahu / New Delhi November 10, 2008, 0:16 IST
Net direct tax collections, which have grown over 36 per cent for the last two years, have come under stress this year. The
growth has slowed to 29 per cent in the first seven months of fiscal 2008-09 due to lower advance tax payments by companies. (more…)