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IRS tax bracket changes in 2024 may result in bigger paychecks, what are they?
The latest tax changes could potentially give Americans a chance to take home bigger paychecks, here's what the new tax brackets and standard deductions are
Published on Dec 27, 2023 09:43 PM IST
Arya Vaishnavi
New pathways to build Viksit Bharat
Political parties should promise to address concerns related to water, education and domestic capital formation
Published on Nov 09, 2023 03:25 AM IST
Janmejaya Sinha
Gross income of taxpayers rose 56% in 8 yrs, from ₹4.5 lakh to ₹7 lakh: Govt
The filing of ITRs was growing consistently and 7.41 crore returns have been filed for AY 2023-24 as on date, which includes 53 lakh first-time filers, the govt said
Updated on Oct 26, 2023 10:25 PM IST
Rajeev Jayaswal
Direct tax collections reach ₹11.07 lakh crore, up 18% YoY
Net direct tax collection stands at ₹9.57 lakh crore, up 21.82% YoY.
Published on Oct 10, 2023 09:23 PM IST
ANI | | Posted by Singh Rahul Sunilkumar
Budget may reform GST filing process
The finance ministry has been working on simplifying archaic income-tax laws and rationalising tax rates in line with recommendations of the task force on the Direct Tax Code (DTC), which submitted its report on August 19, 2019, they added.
Updated on Jan 25, 2020 05:19 AM IST
Hindustan Times, New Delhi | Rajeev Jayaswal
The quest for a simpler and more efficient GST
The tax regime is positive. But a set of reforms, based on comparative experiences of other countries, will help
Updated on Dec 02, 2019 06:58 AM IST
Sarthak Agrawal and Ross Warwick
The economic contraction | HT Editorial
There is a way out. Focus on the informal sector and rural incomes
Updated on Nov 12, 2019 06:20 PM IST
Hindustan Times | HT Correspondent
Moody’s lowers India’s outlook to ‘negative’ from ‘stable’ citing lower economic growth
Moody’s affirmed the Baa2 foreign-currency and local-currency long-term issuer ratings for India.
Updated on Nov 08, 2019 09:22 AM IST
New Delhi | Press Trust of India
Govt plans rejig in personal tax slabs to boost spending
The move comes after the government slashed corporate tax rates to boost investment and sentiment, and make Indian industry more competitive — a decision well received across the spectrum.
Updated on Jul 05, 2020 03:43 PM IST
Hindustan Times, New Delhi | Rajeev Jayaswal
Build the budget around government spending
In India’s boom years ahead of the 2008-09 economic crisis, it was investment, albeit private, that powered growth. With the export market under significant squeeze today compared to what it was before the crisis, one important driver for private investment is missing
Cash transfer promises: Recipe for a fiscal disaster
Not only is the country’s tax base small, it is also difficult to raise tax rates too much without reducing compliance
Updated on Apr 27, 2019 10:31 AM IST
Ila Patnaik
50% more tax returns filed this year; official credits notes ban for spike
The number of people filing income tax returns (ITR) has increased 50 per cent to 6.08 crore so far in the assessment year 2018-19 compared to the year-ago period, a top official said on Tuesday.
Updated on Dec 04, 2018 07:26 PM IST
New Delhi | Press Trust of India
PM Modi should accept demonetisation was wrong, writes Rajdeep Sardesai
Whatever spin the government may now give, there is no escaping the original self-proclaimed agenda behind the sudden withdrawal of ₹500 and ₹1000 rupee notes from the system. Two years later, there is growing evidence to indicate that ‘note-bandi’ is no longer seen as an electoral asset on the campaign trail
Updated on Nov 09, 2018 09:17 PM IST
Hindustan Times | Rajdeep Sardesai
Demonetisation a ‘shrewd scheme’ to help PM’s ‘suit-booted friends’: Rahul Gandhi
On the second anniversary of demonetisation, he also said that there was nothing innocent about this “scam” and claimed that drawing any other meaning out of it was an insult to the intelligence of the nation.
Updated on Nov 08, 2018 09:03 PM IST
New Delhi | Press Trust of India
81,000 Indians earned in excess of Rs 1 crore in FY17, says CBDT data
Incomes of all categories of Indian taxpayers increased by 67% in the last four years, the data released by the income tax department showed.
Published on Oct 22, 2018 11:51 PM IST
Hindustan Times, New Delhi | Suchetana Ray
GST cheer for government as states’ shortfall drops
Last year, when India moved to the one-nation-one-tax regime, the Centre promised to compensate individual states for any loss of revenue from the introduction of GST, which subsumed a raft of indirect levies.
Updated on Oct 05, 2018 09:12 AM IST
Hindustan Times, New Delhi | Sudhi Ranjan Sen
Few hits and many misses from demonetisation after two years
Data show demonetisation didn’t weed out black money or cash gained through illegal means, which was a key objective of Prime Minister Narendra Modi’s plan. On the plus side, there’s been some widening in the country’s dismal tax base, an increase in digital payments and drop in fake notes.
Updated on Sep 24, 2018 11:53 PM IST
Bloomberg, New Delhi | Vrishti Beniwal
Economy formalised, tax base widened: Arun Jaitley on demonetisation
Finance minister Arun Jaitley wrote that the positive impacts of demonetisation included the formalisation of economy, more money in the system, higher tax revenue, higher expenditure and higher growth after the first two quarters.
Updated on Aug 30, 2018 11:49 PM IST
New Delhi | HT Correspondent
Recent GST rate cut to weigh on govt finances: Moody’s
The government expects GST revenue to add up to an additional 1.5% of GDP in the medium-term
Published on Jul 30, 2018 12:44 PM IST
Press Trust of India, New Delhi | Press Trust of India