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The amount after deducting entertainment tax is known as net. In Delhi, movie tickets, large commercial shows and large private festival celebrations may incur an entertainment tax. [1] Entertainment falls in List 2 of the Seventh Schedule of the Constitution of India and is exclusively reserved as a revenue source for the state governments.
In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [2]
The 2022 Union Budget of India was presented by the Minister of Finance Nirmala Sitharaman on 1 February 2022, as her fourth budget. This is the third budget of Narendra Modi-led NDA government's second term. The Economic Survey for 2021–2022 was released on 31 January 2022, a day before the budget. [2]
Farmers - who constitute 70% of the Indian workforce - are generally excluded from paying income tax in India. Income tax returns are due in India generally on 31 July, 30 September or 30 November, depending on the category of taxpayer. Everyone who earns or gets an income in India is subject to income tax.
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 ...
From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection data from 1 January 2020.
100 Crore Club is an unofficial designation by the Indian film trade and the media, related to Indian-language films that have net ₹100 crore (1 billion Indian rupees) or more in India after deducting the entertainment tax. [1]
Goods and Services Tax (India) Revenue Statistics; H. Hotel Receipts Tax; I. Indian Stamp Act, 1899; ... This page was last edited on 22 March 2022, at 08:02 (UTC).