Tax In India

The Thane Municipal Corporation (TMC) in Maharashtra has collected property tax worth Rs 591 crore till the end of January 2023 in the ongoing financial year.

The new tax regime has been made the default system for everyone. The old tax regime will be available on request, the finance minister announced

Vivek Johri said the GST and Customs revenue collection numbers as given in Budget 2023-24 are realistic based on nominal GDP growth and import trends.

The CBDT chief said that the government went into various aspects of the new tax regime, bettered it and therefore in the latest Budget, a "parity" of sorts has been achieved between the two schemes.

Congress leader P Chidambaram on Thursday said that in the "hullabaloo" over the old and the new tax regimes, the importance of personal savings in a developing country has been "jettisoned".

The government on Wednesday projected a 10.5 per cent growth in revenues from corporate and individual income tax to Rs 18.23 lakh crore in the next fiscal.

In the last full Budget before Prime Minister Narendra Modi seeks a third term, the government Wednesday unveiled a slew of measures aimed at appeasing India's middle class.

Finance minister Nirmala Sitharaman, during her presentation of the Union Budget for 2023-24 on Wednesday, announced reduction in basic customs duty (BCD) on imported parts of TVs to 2.5 percent from five percent. Locally manufactured television sets could thus become cheaper by up to Rs 3,000

Finance Minister Nirmala Sitharaman on Wednesday said the government has made the new income tax regime more attractive for taxpayers and has thus brought about 'substantial changes' in its structure for the benefit of the middle class.

In Finance Minister Nirmala Sitharaman's budget, relief in income tax was expected to be the protagonist.

The Finance Bill, through the Budget 2023-24, amended Section 206C of the Income Tax Act levying a higher Tax Collected at Source (TCS) on overseas tour programme packages.

To promote the cooperative sector, the government on Wednesday announced a slew of measures, including a concessional tax of 15 per cent to promote new societies focusing on manufacturing and a higher limit of Rs 3 crore for TDS on cash withdrawal.

Delhi Chief Minister Arvind Kejriwal on Wednesday said despite paying more than Rs 1.75 lakh crore income tax last year, the city was allocated only Rs 325 crore in the Union Budget 2023-24.

Budget 2023: For every rupee in the government coffer, 58 paise will come from direct and indirect taxes, 34 paise from borrowings and other liabilities, 6 paise from non-tax revenue like disinvestment.

Madhya Pradesh Chief Minister Shivraj Singh Chouhan today welcomed the income tax relief announced in the Union Budget 2023-24, which he said would ensure more savings for the middle class.

The Thane Municipal Corporation (TMC) in Maharashtra has collected property tax worth Rs 591 crore till the end of January 2023 in the ongoing financial year.

The new tax regime has been made the default system for everyone. The old tax regime will be available on request, the finance minister announced

Vivek Johri said the GST and Customs revenue collection numbers as given in Budget 2023-24 are realistic based on nominal GDP growth and import trends.

The CBDT chief said that the government went into various aspects of the new tax regime, bettered it and therefore in the latest Budget, a "parity" of sorts has been achieved between the two schemes.

Congress leader P Chidambaram on Thursday said that in the "hullabaloo" over the old and the new tax regimes, the importance of personal savings in a developing country has been "jettisoned".

The government on Wednesday projected a 10.5 per cent growth in revenues from corporate and individual income tax to Rs 18.23 lakh crore in the next fiscal.

In the last full Budget before Prime Minister Narendra Modi seeks a third term, the government Wednesday unveiled a slew of measures aimed at appeasing India's middle class.

Finance minister Nirmala Sitharaman, during her presentation of the Union Budget for 2023-24 on Wednesday, announced reduction in basic customs duty (BCD) on imported parts of TVs to 2.5 percent from five percent. Locally manufactured television sets could thus become cheaper by up to Rs 3,000

Finance Minister Nirmala Sitharaman on Wednesday said the government has made the new income tax regime more attractive for taxpayers and has thus brought about 'substantial changes' in its structure for the benefit of the middle class.

In Finance Minister Nirmala Sitharaman's budget, relief in income tax was expected to be the protagonist.

The Finance Bill, through the Budget 2023-24, amended Section 206C of the Income Tax Act levying a higher Tax Collected at Source (TCS) on overseas tour programme packages.

To promote the cooperative sector, the government on Wednesday announced a slew of measures, including a concessional tax of 15 per cent to promote new societies focusing on manufacturing and a higher limit of Rs 3 crore for TDS on cash withdrawal.

Delhi Chief Minister Arvind Kejriwal on Wednesday said despite paying more than Rs 1.75 lakh crore income tax last year, the city was allocated only Rs 325 crore in the Union Budget 2023-24.

Budget 2023: For every rupee in the government coffer, 58 paise will come from direct and indirect taxes, 34 paise from borrowings and other liabilities, 6 paise from non-tax revenue like disinvestment.

Madhya Pradesh Chief Minister Shivraj Singh Chouhan today welcomed the income tax relief announced in the Union Budget 2023-24, which he said would ensure more savings for the middle class.