Union government collects ₹100 in taxes, but ₹10-11 is collected as cesses, surcharges, and cost of collection.

It is added that since the total income is less than ₹50 lakh, there is no liability to pay surcharge. Thus, on the facts of the query, the tax liability on STCG will be based solely on the ...

A Maryland Bureau of Revenue Estimates analysis of Moore’s budget plans hows that modest-income earners will see their taxes ...

It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes ...

Central Board of Direct Taxes expects the Institute of Chartered Accountants of India to go through the bill ...

Any individual who earned more than Rs 2 lakh per annum had to pay an addition super-rich surcharge of 10-15%.

He speaks about the new tax regime, complex provisions that exist in the law and his expectations from the new Income Tax Law ...

The new law proposes entities handling crypto assets must furnish details of transactions to tax authorities at a specific ...

India's tax policy has evolved significantly since the 1970s, when Prime Minister Indira Gandhi's government imposed a 97.5% ...

Residents in this small town an hour west of Wickenburg are now paying more for water under an emergency rate hike.

There is no change in old tax regime. All the benefits like HRA, Housing Loan, Insurance Premium, etc., are still available.