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Friday, March 29, 2024
TopicIncome Tax rate

Topic: Income Tax rate

Just 1-2% Indians pay income tax. Lower the rate to widen the base

ThePrint view on the most important issues this week.

Should India go big or small? Lessons from governments of the UK and East Asian countries

India's govt sector is large compared to East Asia. Yet, we have poor-quality public services. It might be prudent to take a look at what they actually deliver and at what cost.India's govt sector is large compared to East Asia. Yet, we have poor-quality public services. It might be prudent to take a look at what they actually deliver and at what cost.

Cut taxes & simplify them. That’s the best option for Budget to spur demand, boost recovery

Budget could also look at tax rebates to stimulate housing demand, raising standard deduction, getting rid of redundant stock market taxes to encourage households to invest.

Modi govt shouldn’t cut income tax rates for middle class to boost growth: Raghuram Rajan

Former RBI governor says India has a powerful govt, with a charismatic PM, which should deliver the kind of economic growth the country owes its youth.

Govt unlikely to cut personal income tax rates for rich

Given the economic slowdown and the fact that the government last fiscal missed its direct tax collection target, an income tax cut is unlikely, say sources.

Let’s not offer foreigners special treatment, because Indians can also up and leave now

Every time someone says we must offer foreigners reasonable tax rates or good business processes, one should ask ‘whose country is this anyway’?

Increased formalisation of economy can double the number of income tax payers: Jaitley

Arun Jaitley said that 6.86 crore I-T returns have been filed in 2018, it is expected to go up to 7.6 crore before the present government completes its term. 

On Camera

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.