Page 28 - Latest Updates on Income tax
Up but not out of the woods: Pain points & what's on offer in Budget
There was a 7 per cent year-on-year decline in the January numbers reported by the country's largest manufacturer Tata Motors
 "Up but not out of the woods: Pain points & what's on offer in Budget")
Govt projects 10.5% growth in revenue from taxes to Rs 18.23 trn in FY24
Collections from Customs duty are expected to rise by 11% to Rs 2.33 trillion, from Rs 2.10 trillion in the revised estimates
 "Govt projects 10.5% growth in revenue from taxes to Rs 18.23 trn in FY24")
Budget 2023 a roadmap for resurgent India; aims to get fiscal house in order
Budget 2023: This budget may galvanize an effective AI ecosystem necessary to nurture buoyancy in GST revenues and improve taxpayer morale and trust in the system
 "Budget 2023 a roadmap for resurgent India; aims to get fiscal house in order")
I-T benefits in union budget to propel deposit growth: Bandhan Bank MD
Speaking on the budget proposal for simplifying the KYC process, Ghosh hailed it as a noble effort
 "I-T benefits in union budget to propel deposit growth: Bandhan Bank MD")
Budget 2023: Income tax slabs changed under new tax regime. Details here
Income Tax Rates and Slabs: Under the new tax regime, the highest tax rate of 30% will be levied on income above Rs 15 lakh
 "Budget 2023: Income tax slabs changed under new tax regime. Details here")
Compute your income tax liability after Budget 2023 changes here
No tax will have to be paid for income up to Rs 3 lakh
 "Compute your income tax liability after Budget 2023 changes here")
Budget 2023-24: Where does the rupee come from, and where does it go?
Budget 2023: The largest share of the Centre's expenditure goes towards paying the interest on borrowings
 "Budget 2023-24: Where does the rupee come from, and where does it go?")
Budget 2023 proposals will put India firmly back on the FII's radar
The measures, overall, will push private capex higher at a time when the global economy is facing recessionary headwinds, says Andrew Holland
 "Budget 2023 proposals will put India firmly back on the FII's radar")
Budget delivers a big boost for consumption-related stocks: Analysts
The Budget has put more money in the hands of the people through relief from Income Tax, which is a very positive step, analysts said
 "Budget delivers a big boost for consumption-related stocks: Analysts")
FM should cut cess, taxes on fuels and surcharge on income tax: Chidambaram
Finance minister must find out answers as to why India Inc. is not investing, says Congress leader
 "FM should cut cess, taxes on fuels and surcharge on income tax: Chidambaram")
Tax harvesting: Strategy for offsetting losses that needs careful planning
Equity investors should go for the strategy before March 31 and reduce their liability on capital gains
 "Tax harvesting: Strategy for offsetting losses that needs careful planning")
Finance Ministry contemplating sops for middle class in upcoming Budget
The government has not raised income tax exemption limit from Rs 2.5 lakh which was fixed in 2014 by the then Finance Minister Arun Jaitley in his first Budget
 "Finance Ministry contemplating sops for middle class in upcoming Budget")
Centre expected to introduce new income tax slabs in Budget 2023: Report
Currently, there are six slabs in the new personal income-tax regime, starting with the Rs 2.5-5 lakh income bracket taxed at 5 per cent
Budget 2023: Salaried class wants higher tax-free slab as inflation bites
From a tax-free slab of Rs 5 lakh to a higher exemption limit under Section 80C, here is what experts are hoping for in Budget 2023
 "Budget 2023: Salaried class wants higher tax-free slab as inflation bites")
Wealthy Indians reporting lower income, paying less tax: DSE study
The study found that the average taxable income reported by the bottom 10 per cent of households was more than 170 per cent of family wealth
 "Wealthy Indians reporting lower income, paying less tax: DSE study")
Centre planning rate changes in new income tax structure, says report
Individuals can currently decide which set of rates they want to be taxed under
 "Centre planning rate changes in new income tax structure, says report")
Taxes, incentives, reforms: How to read this year's Budget document
What taxpayers, senior citizens and investors should look out for in the Finance Minister's speech
 "Taxes, incentives, reforms: How to read this year's Budget document")
Rates are out of tune for higher-income levels, need revisions
India is somewhere in the middle when taxation for the upper-income bracket is considered, but leaving tax rates untouched can translate into a heavier tax burden on the population
 "Rates are out of tune for higher-income levels, need revisions")
CBI arrests Chennai Income Tax officer, CA in Rs 2,25,000 bribery case
The bureau's action came after an FIR was registered against CPWD's superintendent engineer Sanjay Chinchghare, assistant valuation officer D.Manjunathan and chartered accountant Satgurudas and Suresh
 "CBI arrests Chennai Income Tax officer, CA in Rs 2,25,000 bribery case")
Top headlines: I-T dept goes after tax arrears of over Rs 7.7 trn, PMAY-G
Business Standard brings you the top headlines at this hour
 "Top headlines: I-T dept goes after tax arrears of over Rs 7.7 trn, PMAY-G")