Income Tax

Photo: The Times of India

No Tax For People Earning Rs 7 Lakh Annually: Union Budget 2023-2024

In a major announcement for taxpayers, under the Union Budget 2023-2024, FM Nirmala Sitharaman announced no tax for those with an income up to Rs 7 lakhs, annually. Those earning above Rs. 15 lakhs per year would need to pay 30% tax. Furthermore, under the new tax slab regime, the surcharge rate has been reduced to 25% from the previous 37%. The Government also introduced new IT returns forms.

Wed, 01 Feb 2023 - 01:01 PM / by Varsha Joshi

Tags
Income Tax
Nirmala Sitharaman
Union budget
No Tax
2023-2024 Budget
Courtesy
Hindustan Times

You May Like

Indian Rupee- US Dollar

Indian Rupee Hit All Time Low, Settles At 82.29 Against USD

The rupee depreciated 37 paise to 82.29 against the US dollar in early trade on March 8.  The depriciation strengthen the American currency in the overseas market and a negative trend in domestic equities. Furthermore, at the interbank foreign… read-more

TAGS: Indian Currency, US Dollar, American Currency, Sensex, Indian Trade

Ritesh Agarwal Seeks Blessing Of SoftBank Founder

Ritesh Agarwal Seeks Blessing Of SoftBank Founder Son

OYO founder and CEO Ritesh Agarwal tied the knot on March 7. He invited celebrities, political leaders and Soft Bank's son for his wedding reception, in New Delhi. Highlighting the event, Billionaire investor and SoftBank Group Founder Masayoshi… read-more

TAGS: Oyo Founder, ritesh agarwal, Newlywed, Softbank CEO, Wedding Reception

Manish Sisodia

AAP Raises Objection Over Manish Sisodia Being In This Jail

The Aam Aadmi Party (AAP) leaders staged protests and raised objections over the fact that Manish Sisodia has been kept in Tihar Jail Number 1, with dreaded criminals. It is to be noted, former Deputy Delhi CM Manish Sisodia is under judicial… read-more

TAGS: AAP, Manish Sisodia, Delhi Government(163) Tihar Jail, Tweets

US official

US Secretary Celebrates Holi At Rajnath's House, Expresses Happiness

US Secretary of Commerce Gina Raimondo, who is in India on an official visit, arrived at Defence Minister Rajnath Singh's residence on Wednesday and participated in the Holi celebration, on March 8. Expressing happiness to be a part of Holi… read-more

TAGS: Festivals, Holi celebration, indian culture, US Official, Rajnath Singh

Indian Rupee- US Dollar

Indian Rupee Hit All Time Low, Settles At 82.29 Against USD

The rupee depreciated 37 paise to 82.29 against the US dollar in early trade on March 8.  The depriciation strengthen the American currency in the overseas market and a negative trend in domestic equities. Furthermore, at the interbank foreign… read-more

TAGS: Indian Currency, US Dollar, American Currency, Sensex, Indian Trade

Bitcoin

Money Laundering Laws Applies To Crypto Trading: GoI

In a setback to Indian bitcoin traders, India’s money laundering laws will now apply to trade in cryptocurrencies, said the federal government. In a notification dated March 7, the Government of India said, "The exchange between virtual digital… read-more

TAGS: Cryptocurrency, Indian government, MONEY LAUNDERING, Notification, Traders