 "What is Personal Income Tax Rate?")
Personal Income Tax Rate
About Personal Income Tax Rate
What is Personal Income Tax Rate?
Personal income tax is a taxation system that the government imposes on income generated by individuals. By law, taxpayers must file an income tax return annually to determine their tax obligations. The revenues from here are an important source of income for the government of India.
This type of income tax is levied on an individual's wages, salaries, and other types of income such as pensions, interest, and dividends.
The benchmark India uses refers to the Top Marginal Tax Rate for individuals, including health and education cess on tax and surcharge.
According to the Ministry of Finance, the Personal Income Tax Rate
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Latest Updates on Personal Income Tax Rate
Net direct tax collections rise 20% at Rs 18.9 trillion till March 17
At Rs 18.9 trillion, collection accounted for over 97 per cent of the revised estimates at Rs 19.45 trillion
 "Net direct tax collections rise 20% at Rs 18.9 trillion till March 17")
Updated On : 19 Mar 2024 | 11:19 PM IST
Over 44.3 mn income tax returns filed till December 25 for 2020-21
Over 4.43 crore income tax returns (ITRs) for the 2020-21 fiscal have been filed, which includes over 1.16 mn returns filed on December 25, the I-T department said
 "Over 44.3 mn income tax returns filed till December 25 for 2020-21")
Updated On : 26 Dec 2021 | 4:47 PM IST
New vs old tax regime: Compute liability before making the switch
Non-investors in tax-saving instruments may opt for the new regime
 "New vs old tax regime: Compute liability before making the switch")
Updated On : 04 Aug 2021 | 6:03 AM IST
BS Number Wise: Tax mop up shines through fragile recovery
Direct-tax-to-GDP ratio in the first quarter of 2021-22 increased to 5.14 per cent, compared with 3.29 per cent over the last two years
 "BS Number Wise: Tax mop up shines through fragile recovery")
Updated On : 03 Aug 2021 | 10:02 PM IST
