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Wednesday, March 27, 2024
TopicIncome Tax

Topic: Income Tax

Income inequality reducing, one-third tax filers in bottom slab moved up to higher levels since 2014

Report released by State Bank of India Monday shows that those at the bottom of India’s tax slabs have seen incomes grow, while the share of 'ultra-rich' in total income has fallen.

What happens to cash seized in income tax raids? A look as Congress MP-linked ‘Rs 350cr’ op goes on

An income tax department operation under way for a week and counting has been in the news for seizures described as being34weds among the highest ever.

More Indians filing tax returns but only 1-2% of population actually pays income tax, shows govt data

Data presented in Parliament shows income tax compliance is increasing due to govt making better use of GST data & TDS mechanism, but bulk of tax filers have 0 tax incidence.

Owaisi just challenged Modi to scrap Hindu Undivided Family. What it is & how it helps save on taxes

Responding to PM Modi’s comments on Uniform Civil Code, Owaisi said HUFs provide tax relief to Hindus. But it has significant downsides, such as being prone to family squabbles.

Budget 2023: An election-year bonus for the super-rich. No, Modi govt hasn’t lost it

See the political messaging in this budget. It is an uncluttered continuation from last year and is a statement of confidence, bordering on overconfidence.

‘Hum do, Humare do,’ Shatrughan Sinha’s dig at Modi govt’s new income tax regime

The TMC leader alleged that the Union Budget 2023 presented in Parliament Wednesday has nothing special for the middle class.

13 % increase in India’s defense budget is not enough to afford its military needs

ThePrint view on the most important issues.

Budget 2023: Income tax reduced — new exemption limit Rs 3 lakh, tax rebate up to Rs 7 lakh

Finance Minister Nirmala Sitharaman presented this government’s final full-fledged Budget in Parliament Wednesday.

Indian taxpayers are ‘dragged’ into paying higher income tax. Govt must factor in inflation

Inflation does not affect everyone equally and the taxpayer with the lowest income is most adversely affected under the new tax regime.

Taxing farmers’ income is ‘necessary’, says Chairman of PM’s Economic Advisory Council

In an article, Bibek Debroy says that taxing farmers’ incomes should be the states’ responsibility and the reason it is not already done is due to political clout of large farmers.

On Camera

Mamata Shankar stuck in Dark Ages. Gen Z showing India there’s no one way to wear a saree

In an interview with Anandabazar Patrika Shankar waxed eloquent about her many objections to the pallu not covering the bosom area of Gen Z women. She called them ‘women of the street’.

Why Tamil Nadu’s women make up nearly half of India’s female factory workforce

With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.

Taiwan reports Chinese military activity around the island

Taiwan has detected a total of 301 Chinese military aircraft and 165 Chinese naval vessels so far in 2024.

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.