1. Budget 2016: Mr Jaitley, these 5 tax exemptions could empower women

Budget 2016: Mr Jaitley, these 5 tax exemptions could empower women

Union Budget 2016: Finance Minister Arun Jaitley should increase tax exemption slab from Rs 2,50,000 up to Rs 5,00,000 for single mothers and exempt day care expenses.

By: | Published: February 19, 2016 11:13 AM
working mothers Union Budget 2016: Asscoham has sought more tax exemptions for women in order to help salaried income households. (Photo: Reuters)

Finance Minister Arun Jaitley should increase tax exemption slab from Rs 2,50,000 up to Rs 5,00,000 for single mothers and exempt day care expenses in the Budget to encourage more women to join the corporate sector and empower them, experts say.

Asscoham has sought more tax exemptions for women in order to help salaried income households. “While we are confident about a positive multiplier effect of leaving more money in the hands of tax payers, a lot of women-specific proposals should be brought in the Budget so as to empower them economically,” Assocham President Sunil Kanoria said in a statement.

Vaibhav Sankla, Director, H&R Block Pvt Ltd lists out 5 broad expectations of a working woman from Budget 2016

1. Higher tax exemption slab for single mothers: Given the dearth of opportunities for working women in the corporate sector they have to work hard to make ends meet. In such a scenario we need to provide some additional tax exemptions to women who are single mothers. An increase in the tax exempt slab from Rs 2,50,000 up to Rs 5,00,000 for single mothers would provide a great relief to them.

2.Tax exemptions for day care expenses: To ensure a stress free working, many women rely on good quality day care facilities/creches, which don’t come cheap and require quite substantial amounts. A tax exemption for these expenses is definitely called for. An amount of Rs 3,000 per child per month is a fair amount of exemption to be expected considering current inflation rates.

3. Tax exemptions for domestic help: Most of working women rely on domestic helps to ensure smooth functioning. The domestic help sector largely remains unorganised, however, a special allowance can be expected to be added to the working women salary that can be exempted up to a certain limit each month. An exemption of Rs 2000 per month can be granted just like conveyance allowance is exempted up to Rs 1,600.

4. Deductions for expenses on self-defense training: India still remains unsafe for women who work in late night shifts and the first line of defense is your own self. In such a scenario women are increasingly opting to learn and practice self-defense techniques. The budget needs to provide some deductions for expenses made for this purpose.

5. Separate deductions for expenses made on certain specified diseases related to women: Women particularly face some threats from various types of cancers that are akin only to them. Apart from this they also suffer from hormone imbalance issues that need medical attention after a particular age. The taxman needs to provide them with a separate section under Chapter VIA deductions that provides a specified deduction on expenses made on treatment of these diseases.

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  1. N
    navin kohli
    Feb 22, 2016 at 10:35 am
    if you are giving it to single mothers only more women would tned to be single or fake to be single. It has to be for all working mothers.
    Reply
    1. A
      Ashish
      Feb 19, 2016 at 8:29 am
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      Reply
      1. P
        Pratap
        Feb 22, 2016 at 12:54 pm
        Nice initiative to empower women . Apart from budget one change that i feel important is There should also be a provision of sabbatical leave apart from maternity may be on no pay basis so that after 2 or 3 year she can take break from office to take care of her child and when she resumes her duty this period should be regularized like study leave so that she doesn't have to choose between leaving job for taking care of her child in early years.
        Reply
        1. D
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          1. V
            Vin
            Feb 21, 2016 at 10:22 pm
            I like it. Whatever small help a single mom gets, goes a long way to maintain a life with dignity.
            Reply
            1. Murthy Suppusamy
              Feb 22, 2016 at 3:32 pm
              You did not have courage to suggest the Income Tax slab increase be tied to each year's inflation instead at the mercy of Finance Minister's budget every year, suggesting to empower women is a crocodile tears!.
              Reply
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                appu
                Feb 19, 2016 at 6:46 pm
                Is this applicable to all women or only few? The majority will not get the benefit of this exemptions!
                Reply
                1. S
                  srg
                  Feb 23, 2016 at 4:17 am
                  why doesn't the private sector create more and equal opportunities for women instead of asking higher tax exemption? male dominated trade organizations are hypocrites. all women need exemptions for healthcare, child care, issues specific to their gender. single parent homes whether man or woman should have the same benefits.
                  Reply
                  1. V
                    Vikram
                    Feb 22, 2016 at 8:46 am
                    Good Points.. Though i do no agree with the 3rd point.. Tax relief for domestic help? Sounds too favouring..
                    Reply
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