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  2. The Income-tax Act, 1961 - Wikipedia

    en.wikipedia.org/wiki/The_Income-tax_Act,_1961

    The Government of India presents finance bill (budget) every year in the month of February. The finance budget brings various amendments in Income-tax Act, 1961 including tax slabs rates. [2] The amendments are generally applicable to the next following financial year beginning from 1 April unless otherwise specified.

  3. Taxation in India - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_India

    The tax is usually accompanied by a number of service taxes, e.g., water tax, drainage tax, conservancy (sanitation) tax, lighting tax, all using the same tax base. The rate structure is flat on rural (panchayat) properties, but in the urban (municipal) areas it is mildly progressive with about 80% of assessments falling in the first two slabs ...

  4. Income tax - Wikipedia

    en.wikipedia.org/wiki/Income_tax

    Tax rates schedules may vary for individuals based on marital status. [b] In India on the other hand there is a slab rate system, where for income below INR 2.5 lakhs per annum the tax is zero percent, for those with their income in the slab rate of INR 2,50,001 to INR 5,00,000 the tax rate is 5%. In this way the rate goes up with each slab ...

  5. New Tax Regime - Wikipedia

    en.wikipedia.org/wiki/New_Tax_Regime

    Reducing the earlier six payable slabs for computing individual income tax to five in the New Tax Regime, the Finance Minister proposed higher threshold limit of ₹3 lakh from existing ₹2.5 lakh for taxpayers. [17] new Slab The implementation of improved limits in tax slabs is said to provide significant relief to taxpayers under the new regime.

  6. Income tax in India - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_India

    The tax rate is 25 percent for domestic companies. For new companies incorporated after 1 October 2019 and beginning production before 31 March 2023, the tax rate is 15 percent. Both rates apply only if a company claims no exemptions or concessions. For foreign companies, the tax rate is 40 percent (50 percent on royalties and technical services).

  7. 5 types of winter squash you should start eating now - AOL

    www.aol.com/lifestyle/5-types-winter-squash...

    After a summer full of grilled zucchini and yellow squash, now is the perfect time to switch things up and cook some winter squash. So what exactly sets summer and winter squash varieties apart?

  8. Elon Musk and Vivek Ramaswamy to meet with House Republicans ...

    www.aol.com/elon-musk-vivek-ramaswamy-meet...

    Earlier this week, Musk proposed abolishing the Consumer Financial Protection Bureau. “Delete CFPB. There are too many duplicative regulatory agencies,” he wrote on his social media platform, X.

  9. 2024 Union budget of India - Wikipedia

    en.wikipedia.org/wiki/2024_Union_budget_of_India

    The TDS rate for insurance commission, life insurance policy payments, rent payments, and commission or brokerage payments is proposed to be decreased from 5% to 2%. The TDS rate on payments made by e-commerce operators to e-commerce participants for the sale of goods or services is set to be reduced from 1% to 0.1%.