In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...

New Tax Regime The Government of India levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds INR 50 lakh. The highest surcharge limit for individuals ...

Income tax in India is progressive, with higher earners paying more. However, some countries levy little or no income tax, while others have some of the highest tax rates in the world. Here’s a ...

The number of tax returns filed ... personal income tax collection grew from Rs. 4.92 lakh crore to Rs. 11.87 lakh crore, an increase of 141%. Annual GST collections in India range from Rs.

Industry chambers including Confederation of India Industry ... Nearly 89 lakh income tax returns in 2023-24 were filed by people in this tax bracket while the highest number of returns were ...

NEW DELHI, Feb 1 (Reuters) - India cut personal income tax rates for some individuals ... following its move to also seek the return of a Guantanamo Bay detainee accused of being one of the ...

It is no secret that Indian cricketers are the highest-paid sportpersons in India by a country mile ... filing their income tax returns. Their significant tax contributions in FY 2023-24 ...