Delhi HC sets aside CIC's order to provide RTI information of tax exemption to PM Cares fund

Jan 22, 2024

The Delhi High Court on Monday set aside the Central Information Commission's (CIC's) direction to the Income Tax Department to provide RTI information and...

Tax exemption to continue on salary income by NRIs in Gulf: Sitharaman

Apr 01, 2021

New Delhi [India], April 1 : Union Finance Minister Nirmala Sitharaman on Thursday said that salary income earned by non-resident Indians in Gulf countries...

Trade Unions demand super-rich tax, hike in corporate tax and raising income tax exemption limit to Rs 10 lakh

Jan 06, 2025

In their customary pre-budget meeting with Union Finance Minister Nirmala Sitharaman, trade union leaders suggested a super-rich tax and an increase in corporate tax...

To benefit from income tax relief, you need jobs: Shashi Tharoor takes dig at Budget highlight

Feb 01, 2025

Taking a dig at the Union Budget presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Saturday, Congress MP Shashi Tharoor said that...

Taxpayers aged between 18 to 35 years filed 2,09,06,829 ITRs till Jan 31: Centre

Feb 07, 2023

As per Income-tax Act, 1961, tax is calculated and collected based on total income returned in Income tax Returns (ITR).

Basic income tax exemption limit of Rs 2.5 lakh may be raised in Budget 2022: KPMG survey

Jan 21, 2022

New Delhi [India], January 21 : Basic income tax exemption limit, which currently stands at Rs 2.5 lakh, is likely to be raise in...