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2 mins read
RBI MPC meet – Cheque clearing time reduced, UPI limit increased for tax payment
Reserve Bank of India (RBI) Governor Shaktikanta Das at the Monetary Policy Committee (MPC) meeting…
4 mins read
Budget Expectations: Time to revise tax slabs and deduction limits for personal tax payers
It is that time of the year again. Finance minister Nirmala Sitharaman is all set to deliver the bu…
4 mins read
India’s Income Tax Burden: Mere 0.3% of adult population account for 76% of total personal IT receipts
Data shows that currently India has 66.5 million individuals who pay personal income tax, which is …
2 mins read
FM Nirmala Sithraman keeps tax slabs unchanged
As expected and in relief for the citizens, the central government neither tweaked nor put any addi…
ANI
3 mins read
Here’s why there is less adoption of the new tax regime and how budget 2022 can make it more attractive
In last year’s union budget, India’s finance minister Nirmala Sitharaman had announced a new tax re…
2 mins read
RBI to set up public repository of digital lending apps to check unauthorised players
In a post-monetary policy review address, RBI Governor Shaktikanta Das said the central bank has ta…
PTI
1 min read
Clarification on income tax payable by Indians employed in other countries
Finance minister Nirmala Sitharaman in her Budget for 2020-21 had proposed to tax Non-resident In…
5 mins read
Checkout Income Tax slab post Budget 2020
The new tax slabs increase the minimum taxable lim…
6 mins read
Current Income Tax Slab For 2019-20 (Income Tax Brackets In 2019-20)
For earnings up to 5 lakhs in a year, no income tax is applicable. The exemption allowed on …
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…
1 min read
Direct tax collections surge 35% but fall short of estimates
Gross direct tax collections stood at Rs 6.48 lakh crore till September 8, which is 35.46 per cent …
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…
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
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 …
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…
3 mins read
Nitin Gadkari launches Bharat NCAP, India's car crash test programme
Union Minister for Road Transport and Highways, Nitin Gadkari on Tuesday launched Bharat NCAP, Indi…
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…
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
How to save Income Tax in India Schemes to Invest in 2019
Investing up to a limit of Rs. 1.5 lakh in schemes like Tax-Saver FDs, PPF (Public Provident Fun…
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…