Delhi HC dismisses Cong's pleas against tax proceedings

The Delhi high court on Thursday rejected petitions by the Congress challenging the initiation of tax reassessment proceedings against it for a period of four years by tax authorities. Photograph:......

I-T raids Hemant Soren's aide ahead of Jh'khand poll

The Income Tax Department on Saturday conducted searches at multiple locations in poll-bound Jharkhand, including on the premises of a person linked to Chief Minister Hemant Soren, as part of a tax......

On the backfoot in UK PM race, Rishi Sunak vows to cut income tax by 20pc

As the voting process for the new Conservative Party leader formally opened with postal ballots being mailed out to Tory members from Monday, Rishi Sunak vowed to cut the basic rate of income tax......

NIA officer demands Rs2.5 cr bribe in false terror case, arrested

The CBI arrested an NIA deputy superintendent of police posted in Patna and two middlemen on Thursday for allegedly accepting a Rs 20 lakh bribe to extend favours to a person in an ongoing probe,......

Personal income tax to GDP ratio rises to 2.94% in FY22

Personal income tax as a percentage of GDP has gone up from 2.11 per cent in 2014-15 to 2.94 per cent in 2021-22 fiscal, indicating that taxpayer base is widening as a result of the steps taken by......

Countries that don't have any income tax at all

Every year just about everybody rushes to file their last minute tax returns. But there are some nations where people don't struggle with tax returns or any hassles related to taxes. According to......

Raise income tax limit for peak rate to Rs 12 lakh: Ficci

As the Indian economic growth slowed to a nine-quarter low of 6.9 per cent in the second quarter of this financial year, Ficci has urged the finance ministry to provide more disposable income at......

FM not in the mood to cut income tax rates

Those looking for income-tax relief in the forthcoming Budget to fight rising food prices are likely to be disappointed. According to a senior finance ministry official, "the Direct Taxes Code......