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Personal Income Tax

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Salaries, allowances, pensions of MPs hiked; monthly income rises to...

The Centre on Monday notified a 24 percent hike in the salaries of members of Parliament with effect from April 1, 2023, on the basis of the Cost Inflation Index, taking their monthly salaries to......

Seized cash, gold worth Rs 52 cr belonged to MP ex-cop, claims ED

The Enforcement Directorate Wednesday said cash and gold worth about Rs 52 crore seized from an abandoned SUV in Madhya Pradesh last year "belonged" to former state transport department constable......

Crypto use suspected in terrorism, secessionist activities: FIU report

A trends study conducted by the federal financial intelligence unit of India has expressed "suspicion" that cryptocurrency is being used across the country's landscape in serious criminal acts like......

IT dept can check WhatsApp, email only during...: Sources

The new Income Tax Bill prescribes the existing process for tax authorities to gain access to the digital space or a computer device only during search and survey operations, and it is not aimed to......

Govt is not allowing people to celebrate Eid freely: Akhilesh

Samajwadi Party president Akhilesh Yadav on Monday alleged the Bharatiya Janata Party-led government was creating obstacles in people celebrating Eid freely, and accused the ruling party of......

No income tax up to Rs 12 lakh under new regime

Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to middle class by raising......

These eight countries don't pay personal income tax

Come July, everyone is rushing 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. That's right.......

Net direct tax kitty rises 13% to Rs 21.26 lakh crore till Mar 16

Net direct tax collection grew 13.13 per cent to over Rs 21.26 lakh crore so far this fiscal aided by by higher advance tax mop up, government data showed on Monday. Illustration: Dominic......

Geopolitics, mkt volatility pose growth risks: FinMin

Geopolitical tensions, trade policy uncertainties, volatility in international commodity prices and financial market uncertainties pose considerable risks to India’s economic growth in the......

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......

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