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  2. New Tax Regime - Wikipedia

    en.wikipedia.org/wiki/New_Tax_Regime

    The New Tax Regime is a scheme of Income tax in India first proposed in Union Budget 2020–21. [1] Subsequent Budget of FY2021-22 did not see any major announcements in this regime. [ 2 ] During the Budget 2022–23, reports emerged that New Tax Regime was getting poor response [ 3 ] and Government is considering to make it more attractive ...

  3. Income tax in India - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_India

    The Income Tax Department is the central government's largest revenue generator; total tax revenue increased from ₹ 1,392.26 billion (US$16 billion) in 1997–98 to ₹ 5,889.09 billion (US$68 billion) in 2007–08. [3] [4] In 2018–19, direct tax collections reported by the CBDT were about ₹ 11.17 lakh crore (₹11.17 trillion). [5]

  4. Nithyananda - Wikipedia

    en.wikipedia.org/wiki/Nithyananda

    Nithyananda was born Arunachalam Rajasekaran [19] [20] in Tiruvannamalai, Tamil Nadu, to father Arunachalam and mother Lokanayaki.He belongs to the Saiva Vellala community. [21] [20] Sources conflict as to his birth date – a 2003 United States visa gave a date of 13 March 1977, while a sworn affidavit in a 2010 Karnataka High Court case mentioned 1 January 1978.

  5. Income tax return (India) - Wikipedia

    en.wikipedia.org/wiki/Income_tax_return_(India)

    Income tax return is the form in which assesses file information about his/her income and tax thereon to Income Tax Department. Various forms are ITR 1, ITR 2, ITR 3 , ITR 4, ITR 5, ITR 6 and ITR 7. When you file a belated return, you are not allowed to carry forward certain losses.

  6. Income tax - Wikipedia

    en.wikipedia.org/wiki/Income_tax

    The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g., the ...

  7. Indian tax forms - Wikipedia

    en.wikipedia.org/wiki/Indian_tax_forms

    The Income Tax Department of India clearly specifies the use of this form and lays down the associated rules as to its functions through the Income Tax Act of 1961 and the Income Tax Rules of 1962. Form 2E is part of the process of filing of income tax returns in India. The form is also known as the NAYA SARAL Form or ITS-2E.

  8. Indian Revenue Service - Wikipedia

    en.wikipedia.org/wiki/Indian_Revenue_Service

    Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.

  9. Indian Revenue Service (Income Tax) - Wikipedia

    en.wikipedia.org/wiki/Indian_Revenue_Service...

    Direct tax in the form of an income tax was introduced by the British in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [5] The organizational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act, 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.

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