You Searched For "tax payer" and got 20 results
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2 mins read
India already has 7.5 million new tax filers, but it’s aiming for 12.5 million by the end of this financial year
Just because you file an income tax return, doesn’t necessarily mean that you’re a new taxpa…
2 mins read
MCD implements uniform property tax rates applicable from July 16
The new rates of property tax will be applicable from July 16 and no additional surcharge will be l…
1 min read
Coronavirus: Maha respite for GST payers
"The milk powder and butter will be sold from NCDFI(National Cooperative Dairy Federation of India)…
PTI
1 min read
Paying more taxes? You are about to get better treatment, extra facilities
As per reports, if a priority taxpayer has a query or facing an issue, it will be resolved on…
3 mins read
'Sin taxes' are meant to push people away from booze and cigarettes, but they mostly hit those who can least afford to pay
Just 10% of US households account for 80% of sin tax revenue, according to an NBER paper. Many of t…
Ben Winck
1 min read
Earning income by renting commercial properties? Be ready to shell out GST. Here are the details
Rental income received from residential house is exempt. But if you have given your unit to commerc…
1 min read
India changes its income tax slab for people earning up to Rs 5 lakh. Here are income tax structures of China, UK, US, Brazil and Germany
Now, 5% tax will be levied on people earning under bracket Rs 2.5 lakh-Rs 5 lakh. Presently, it is …
1 min read
CBDT asks super-rich tax payers to declare cost price of expensive assets
Even if the precious items were gifts, the tax payers would still have to declare the cost at which…
2 mins read
California Democrats propose tax hikes on businesses and the wealthy to pay for statewide universal healthcare
The California Taxpayers Association estimated the system would increase tax collections in the sta…
Connor Perrett
5 mins read
Dividends are taxed in different ways - here's how to figure what you owe on your stocks' payouts
Dividends are taxable, whether cashed or reinvested. Qualified dividends are taxed at lower capital…
Janet Berry-Johnson
1 min read
Washout of monsoon session would cost tax payers heavy money
Parliament did not function for 91 per cent of its scheduled time. One hour of Lok Sabha costs exch…
2 mins read
Budget 2017 may give individual, corporate tax payers a cheer, here’s how
"There are multiple proposals on the table. The government is keen on enhancing the purchasing powe…
3 mins read
Tax-payer friendly? India still has a long way to go!
First, my mistake – My big mistake was that in the year 2013-14 my wife and I sold some shares of a…
2 mins read
India's new tax charter promises 'faceless' scrutiny — Here's what that means
Prime Minister Modi has pushed for reforms with a new tax charter that aims to reward honest taxpay…
4 mins read
Income Tax Slab For Filing ITR (Income Tax Return)
In the budget announced in 2018, the total cess on income tax increased by 4%. However, the income…
2 mins read
You might get a second, far smaller check from the IRS this year — here's why
Those who qualified for a tax return and received it after April 15 will get a little extra money —…
Barbara Smith
3 mins read
You'll save ₹78,000 more under new income tax slabs if you earn less than ₹15 lakh
A person whose income is ₹15 lakh earlier had to pay ₹2,73,000 in tax. After the revised rates, he …
3 mins read
New income tax slabs 2020, income up to ₹5 lakh exempt
New tax slabs have been proposed by the Direct Tax Code panel to boost consumption and investment. …
2 mins read
New income tax proposed by a government panel wants a 35% slab, says a report
It also recommended that surcharges should be do…
4 mins read
How Income Tax Is Calculated
To know how income tax is calculated in India, you must first know about the income tax slabs. I…