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Total 119 results found. Search for [ individual income tax payers ]

Results 1 to 21 of 119
Dipak Mondal
February 9, 2021
The government had raised the threshold income for paying tax to Rs 5 lakh in the interim budget of 2019. According to data from the income tax department, there were 8.04 crore individual taxpayers in assessment year 2018-19 of which 5.95 crore filed returns


BusinessToday.In
March 4, 2020
Minister of State for Finance Anurag Singh Thakur said in Rajya Sabha that the number of professionals who earn above Rs 1 crore has remained sluggish at just around 2,000 between AY 2015-16 and AY 2019-20


BusinessToday.In
New Delhi, February 14, 2020
PM Modi drew flak for his comments recently only 2,200 professionals declared income above Rs 1 crore per annum but CBDT has clarified that it's true


Prasanna Mohanty
February 13, 2020
Taxing agricultural income is a politically sensitive issue; successive governments have shown little interest in taking corrective measures even while official reports have repeatedly expressed serious concerns over non-agriculturists abusing the exemption


Team BT
New Delhi, February 4, 2020
A dozen experts interpret Budget 2020 and its impact


Joe C Mathew
February 4, 2020
Budget 2020 taxes: The individual taxpayers are free to choose between the old tax regime and the new tax regime. However, not every taxpayer will find it easy to make this switch. Here's for more


BusinessToday.In
New Delhi, February 3, 2020
The new tax regime, though optional, will need taxpayers to forego various tax exemptions available in the old regime


Aprajita Sharma
February 1, 2020
The new tax regime, though optional, will require taxpayers to forego various tax exemptions available in the old regime. The net benefit, thus, may not be positive for all taxpayers


Divya Baweja
New Delhi, January 27, 2020
Budget 2020: To boost the real estate sector, the government should consider enhancing the limit for deduction of interest paid on housing loan to Rs 300,000 in case of a self-occupied property


Dipak Mondal
January 17, 2020
The government estimates a revenue loss of Rs 75,000 crore due to Section 80-C exemptions in 2018-19, up from a revenue loss of Rs 65,000 crore in 2017-18


BusinessToday.In
New Delhi, November 5, 2019
Those who want an electronic PAN (ePAN) will have to quote their Aadhaar number following which a one-time password (OTP) will be sent on their mobile number. The service will reportedly be free and launched in the next few weeks


BusinessToday.In
October 2, 2019
CBDT-member Akhilesh Ranjan-led panel has recommended introducing a 10 per cent tax rate slab for annual income between Rs 2.5 lakh and Rs 10 lakh followed by a 20 per cent slab for the Rs 10-20 lakh income bracket and a 30 per cent, or higher, slab for higher income levels.


BusinessToday.In
New Delhi, August 16, 2019
ITR filing last date: Late filers will be required to pay a penalty if taxes are filed after August 31.


BusinessToday.In
New Delhi, July 23, 2019
Income Tax deadline extended: Initially, the last date was July 31. The July 31 deadline was set for most individuals and HUFs.


PTI
New Delhi, July 8, 2019
Net outflows from debt-oriented schemes were more than Rs 1.71 lakh crore in June against inflows of Rs 70,119 crore in May, the data by Association of Mutual Fund of India (AMFI) showed.


BusinessToday.In
July 8, 2019
Union Budget 2019: Once this proposal will get green light in the Parliament, individuals will be able to use Aadhaar cards instead of PAN cards to conduct financial transactions, for instance, mutual fund investments, buying gold, and others.


Divya Baweja
July 8, 2019
While the Budget did not provide much incentive to middle or lower income group, it is hard hitting for the super-rich. True to the intent of the Government, the Budget focusses on increasing tax compliance and at the same time easing the processes.


Sumant Banerji
New Delhi, July 8, 2019
Electric vehicles get a bonanza in Budget 2019 as government gets serious on e-mobility


PTI
New Delhi, July 7, 2019
Revenue Secretary Ajay Bhushan Pandey sought to justify the Budget proposal to increase surcharge on super-rich saying that the highest tax individual tax rate is 45 per cent in China and South Africa, and 50.3 per cent in the US


Sumant Banerji
July 6, 2019
Budget 2019: The Union Budget 2019 has made a clear demarcation between the traditional automobile industry- the one that uses internal combustion engine and uses fossil fuel, and the nascent electrical vehicle fraternity.


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