scorecardresearch
Wednesday, September 3, 2025
TopicIncome Tax

Topic: Income Tax

IT dept asks taxpayers to link Aadhaar with PAN by 31 May to avoid steeper TDS cuts

If PAN is not linked with the biometric Aadhaar, TDS is deducted at double the applicable rate.

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.

On Camera

Trump’s 4,500 troops can topple Nicolás Maduro—not fix Venezuela

The US troops could dislodge the government in Caracas, but it won’t be enough to police a country ringed by drug cartels and insurgents.

A Rs 33,000 cr ‘banking fraud’: ED’s case against Arvind Dham, Amtek’s web of ‘500 shell companies’

ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.

‘Real-time, all-climate’ explosives detector could enhance airport & border security—no dogs, no swabs

Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points. 

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.