Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

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Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

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Travel tips, how to explore the best of London on a budget

The sun-kissed scenes from Meghan Markle and Prince Harry’s storybook wedding at Windsor may have put you in the mood to visit the Old Country. But what if you’re just looking to feel like a prince (or princess), not spend like one? Here are a few tips on enjoying London on a budget. (Just don’t count on the sunshine that blessed the royal wedding in a place where on average it rains about one out of every three days.) GO LOW (SEASON) London’s high season is late spring and summer…

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Budget 2018: Finance Minister decides to invest in higher education and quality of education

While announcing his budget 2018 Finance Minister Arun Jaitley announced various benefits for students and education sector in India. The finance minister proposed to launch ‘‘Revitalising Infrastructure and Systems in Education (RISE) by 2022’’ with a total investment of Rs 1,00,000 crore in next four years. This will aim at step up investments in research and related infrastructure in premier educational institutions, including health institutions. This is in line with imparting quality education to the students in the country. The Union Budget 2018 further mentioned that the Higher Education Financing Agency (HEFA) would be…

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Budget 2018: Emphasis should be given to education, skill development

This year’s budget is the most awaited announcement since the introduction of the Goods and Services Tax (GST) and the incumbent government’s last budget of this term. It is, indeed, a great opportunity for the government to introduce some revolutionary changes specifically for the education sector. The education sector has witnessed 16 per cent growth in recent years and it is expected to continue with the upward trend. It is seen that as per the Economic Survey presented in Parliament, major reforms undertaken over the past year will allow real…

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Middle Class Can Hope For A Big Tax Relief In Budget 2018-19, Says Report

Currently, there is no income tax slab for income between Rs. 10 lakh and Rs. 20 lakh HIGHLIGHTS Government reportedly contemplating to hike personal tax exemption limit Slabs should be enhanced for benefit of low income group: industry body Move to help tide over impact of increasing retail inflation, adds CII New Delhi: The country’s middle class can hope for a big relief in Budget for financial year 2018-19, which will also be the last regular Budget of the NDA government, as the finance ministry is contemplating to hike the…

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Take off on amazing trips on a budget. Travel blogger Nomadic Matt shows you how

American blogger Matt Kepnes wasn’t big on travel until he was 23, when he took his first journey abroad. Back then, he had a desk job in health care with two weeks’ vacation a year. He chose to go on a solo trip to Costa Rica and “fell in love with travel.” The next year he went to Thailand and “met five backpackers who were living my dream.” “I grew up in an environment where travel wasn’t a thing for my family, it wasn’t a thing for my friends,” he said in…

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Travelling on a budget? These Indian destinations can give you an international experience

International tours make for great memories, but they also come with a heavy expense. Here are some places to visit within India that will give you an international vacation experience without burning a hole in your pocket: * Shillong—The Scotland of the East: With its surging meadows, rivers and lush widespread grasslands, Shillong and its surroundings can be compared to Scotland. Waterways are the means of transportation in Alleppey. (Shutterstock) * Pondicherry—The French Town: Pondicherry retains its Dutch and French architecture from colonial times. It is interesting to note the smooth transition of…

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HP’s Cheap Stream Laptops Get Fanless Design, 14-Inch Model And More On A Budget: Chromebooks, Watch Out!

The attractive HP stream line of low-cost laptops just got even better: the latest refresh adds a 14-inch model, Windows 10 and more upgrades, while retaining the affordability aspect. Google’s Chromebooks may be making waves in the education market, but cheap Windows-powered alternatives are still popping up, and HP’s attractive Stream line definitely makes the cut. HP has announced the first major revamp of its Stream lineup, featuring thinner and lighter designs, better connectivity, longer battery life and a new 14-inch notebook model. In terms of design, the new HP…

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Rio and São Paulo states’ top 10 budget beach hotels and B&Bs

The coast of the adjoining states Rio de Janeiro and São Paulo is one of the finest in Brazil, dotted with small tropical islands, beautiful bays, wonderful golden sandy beaches, and backed by mountains covered with virgin Atlantic rain forest. Most of it is still unknown to international tourists, yet this is where residents of Rio and São Paulo (Brazil’s two largest cities, with a joint population of over 30 million) come to relax, party and feel that tropical paradise vibe. It’s not the cheapest part of Brazil, but these…

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