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News
Income tax rate
Income tax rate News
Income Tax
22 Mar 2024
Should Ultra Rich Pay Higher Tax? Check Why This Topic Is Gaining Momentum
Super tax is levied against people who earn high incomes. The topics of equity and fairness are central to the super tax discussion. Bill Gates has stated that he wants the ultra-rich to pay more taxes.
Budget 2023
01 Feb 2023
Budget Reduces Surcharge on HNIs, Brings Down India's Highest Income Tax Rate
The Budget 2023 proposes to lower India's highest income tax rate. The new highest income tax rate is 39 percent. Earlier the highest income tax rate was 42.74 percent.
Income tax rate
25 Jun 2021
Who will have to pay higher TDS from July 1? Tax dept has these conditions
From July 1 onwards, a person will be required to pay extra TDS at a higher rate if he/she fails to file their Income Tax Returns for the last two years. Meanwhile, for TCS collection, the rate under section 206 CCA of the Act will be higher and it will be double the rate mentioned in the relevant section; or 5 percent. The tax collector or tax deductor has to check the eligibility of the person to pay TDS at a higher rate from July.
Budget 2016
29 Feb 2016
Union Budget 2016: INCOME TAX-TABLE
Following is the table of the impact of changes in income tax provisions proposed by Finance Minister Arun Jaitley in the Budget for 2016-17.
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