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Latest Articles in tax payers

Ring In The New (Financial) Year: Corpoarte Tax Considerations

Tax benefit in respect of employer’s contribution to EPF, NPS and superannuation account is now restricted to INR 750,000 in a financial year.

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India Is One Of The Highest Taxing Nations In The World: Trump

Trump has repeatedly claimed that India is a "tariff king" and imposes "tremendously high" tariffs on American products

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Find Out Potential Taxpayers; Focus On Smaller Cities: CBDT

With almost 91 lakh new taxpayers brought in the tax net last fiscal, the CBDT has asked the Income Tax Department to increasingly identify those who can pay tax but are not doing so, with a special focus on smaller cities

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24 Lakh Declared Income Above Rs 10 Lakh But 25 Lakh Cars Bought Annually

India has just 24.4 lakh tax payers who declared an annual income of over Rs 10 lakh yet 25 lakh new cars, including 35,000 luxury cars, are being bought every year for last five years, a top official said

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Impact For Individual Tax Payers

To promote affordable housing, it has been proposed to increase the deduction of rent from the existing limit of Rs 24,000 to Rs 60,000 per annum.

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