Total direct tax collection before adjusting for refunds for FY21 stands at Rs 12.06 lakh crore, including corporation tax at Rs 6.31 lakh crore and personal income tax, including security transaction tax at Rs 5.75 lakh crore

The interest that you earn from employee's provident fund (EPF) is exempt from tax under the existing tax provisions. However, from FY22, if your EPF contribution goes above Rs 2.5 lakh in a financial year, the interest earned on the excess amount will be taxable

As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers

Income tax rule changes: Union Finance Minister Nirmala Sitharaman had announced new income tax rules in her Union Budget 2021 speech

While the four Codes have been passed by the Parliament and approved by the President, the rules are yet to be notified. Unless these Codes come into effect, no change in the salary structure is expected

Singh also underlined the need for a uniform Health Care Code (HCC) and an All India Medical and Health Service with the overarching objective of improving healthcare facilities throughout the length and breadth of the country

The bank's economists analysed finances of 13 states based on their budget, and said that the average fiscal deficit in FY21 is 4.5 per cent.

In a circular, Sebi has tweaked provisions related to Unique Client Code (UCC) and mandatory requirement of Permanent Account Number (PAN)

The women participants appear upset and delve into how this setback came to be even without realising. One male participant says that women are practically debarred from learning about money

The circular offers relief to only those who may be subject to double taxation, but offers no help to people from countries with whom India does not have a DTAA or impacted by absence of short stay exemption

Finance Minister Rishi Sunak announced a costly extension of his emergency aid programmes to see Britain's economy through its current coronavirus lockdown, but announced a tax hike for many businesses as he began to focus on fixing the public finances

The revenue receipts in 2020-21 are expected to fall by more than five per cent due to the impact of the coronavirus pandemic. On the other hand, overall revenue increase in the next fiscal is estimated at 33 per cent, Jagdish Devda said

Accepting that the government has missed its disinvestment target over the last few years, Sitharaman said pandemic affected its plans in FY20, while a slowing economy and lack of appetite hit in FY19.

Stock Market Updates Today: Sectorally, except for IT and pharma index, all the other indices ended with decent gains. Private, PSU Bank and financial indices closed 3% higher today.

Bond markets reacted negatively to the Budget announcement earlier this month, which has pulled down the returns of long term debt mutual funds. The returns have in fact, fallen from double-digit to single-digit for most of the debt fund categories. Is the party over for debt fund investors? What should the existing debt mutual fund investors do? Where should the new investors invest? Pankaj Pathak, Fund Manager-Fixed Income, Quantum Mutual Fund in conversation with Business Today's Avneet Kaur explains. Also Read: Tax-saving mutual funds gave up to 60% returns in 1 year! Will the trend continue?

Private wealth creators are solely responsible for India's banking stress; increasingly fleeing India with their wealth and bank loans, and those making huge profits are doing so by cutting jobs and wages

Financial statements for December quarter imply that while business continues to remain sluggish, resulting in employment being stagnant or lower, companies continue to make record profits

A ULIP is an investment product that offers you the dual benefits of life insurance and market linked wealth accumulation.

Corporates, industry watchers, and markets have said Budget 2021 re-imagined both spending and borrowing and reposed faith in large-scale infrastructure building and healthcare. \"My focus was to get it making a difference to the economy,\" says FM

Stock Market News Updates Today: Tata Motors, L&T , Infosys, Airtel, SBI, ONGC, ITC, Nestle were among the top losers today while HUL, Titan, M&M, TCS, Bajaj Finance, HDFC traded among the top gainers.