India last month outlined a 1.7-trillion rupee economic stimulus plan providing direct cash transfers and food security measures to give relief to millions of poor hit by the lockdown

If you have still not calculated your taxable income and total tax liability for the financial year against your investments, you should immediately do it to avoid paying higher taxes

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

As much as 60 per cent respondents feel that those within the income bracket of Rs 5-10 lakh and Rs 10-25 lakh will be impacted by the new income tax regime

GST was supposed to be a simple, self-regulating and non-intrusive tax compliance regime to replace a complicated and multiple indirect tax systems. What has been rolled out remains very much a work-in-progress after more than two-and-half years

Wide gaps in corporate and non-corporate direct tax collections are known for years and a huge number of tax evaders are routinely identified every year by the tax authorities but lack of effective follow-up action ensures that the status quo is maintained

Anurag Thakur claimed he has asked officials at income tax and Central Goods and Services Tax departments not to harass any entrepreneur

At 9.1%, India to see decade's lowest salary hike in 2020: reportSlowdown in the economy is reflected in subdued salary increase projections in the country. The 24th annual Salary Increase Survey by professional services firm Aon finds that companies in India will give an average pay hike of 9.1 per cent in 2020, the lowest in the decade. Companies in India gave an average pay increase of 9.3 per cent during 2019.FM Sitharaman reviews coronavirus impact on domestic industry, pro...

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While the PCSI employment confidence in jobs sub-index rose by 0.6 per cent over last month, the PCSI economic expectations sub-index moved up by 4.7 per cent

While last minute investments may manage to lower total tax outgo, they are unlikely to align well with the financial goals of taxpayers

IMF said that multiple factors added up to the difference between the actual collections and the potential revenue

The Budget 2020 has introduced more tax slabs and offers higher limits provided the taxpayer is ready to forego all the existing exemptions and deductions including home loan interest, other tax savings investments

CBDT has notified Forms 10-IC and 10-ID for existing companies that want to avail lower I-T rate and new manufacturing firms, respectively

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

Investors in lower income brackets will benefit from tax announcement as they will have to pay lower tax against 30 per cent in the earlier regime.

\"Our government's policy is to allow each of the individual to choose where to invest beneficially, than forcing or directing them to invest in certain instruments,\" said FM Sitharaman

Calculator compares taxes in old and new tax regimes for financial year 2020-21 and has been hosted on department's official e-filing website -- incometaxindiaefiling.gov.in

Indirect Tax proposal by FM Sitharaman: In order to curb abuse of the Free Trade Agreements (FTA), suitable provisions are being incorporated in the Customs Act and a review of the Rules of Origin requirements shall be undertaken for import of sensitive items. Here's all the takeaways

Budget 2020 taxes: Overall, it appears to be a balanced budget without rubbing the investors/taxpayers in the wrong way.The government has continued with its agenda of simplifying the tax structure for corporates and making it more transparent