News That Matters

Tag: limits

Tax exemption, Sec 80C limits, surcharge on HNIs may be hiked in Budget 2018: EY

Tax exemption, Sec 80C limits, surcharge on HNIs may be hiked in Budget 2018: EY

Finance
We expect Budget 2018 to increase the basic tax exemption limit from the current Rs 2.5 lakh to Rs 3 lakh and also the Section 80C investment limit for tax saving from the current Rs 1.5 lakh to Rs 2 lakh, says Sonu Iyer, tax partner and people advisory services leader, EY. Talking to ET online about what she thinks the forthcoming budget would bring in the area of personal taxes, she said that these increases were also warranted to account for inflation. These increases would entail loss of revenue for the exchequer but they were also needed to keep the limits in line with inflation, she explained. Re-introduction of inheritance tax unlikelyCommenting on the current speculation regarding re-introduction of inheritance tax, Iyer said "I don't think it will come in. Wealth tax was a...
Group urges tougher limits on chemical in soaps, cosmetics

Group urges tougher limits on chemical in soaps, cosmetics

Health
TUESDAY, June 20, 2017 -- The germ-fighting chemical triclosan has got to go, an international coalition of scientists claims.Triclosan is found in thousands of products ranging from soap and cosmetics to toothpaste and common household items.But evidence has shown that antimicrobials like triclosan not only fall short in killing bacteria, but they may also harm human health, the coalition said in urging much stricter limits on use of the chemical.This follows action last year by the U.S. Food and Drug Administration to ban triclosan, triclocarban and 17 other microbial agents from hand soap and body wash sold in the United States because they "are not generally recognized as safe and effective."The FDA's move prompted major manufacturers -- such as Johnson & Johnson and Procter & ...