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The Department of Finance also controls Kerala Financial Corporation, an important agency in leading finance and credit for industrial and agricultural projects for private and public. The Finance Department controls the major functions like Stores & Purchase, Commercial Taxes, Agricultural Income Tax, Treasuries, Lotteries, Local Fund Audit ...
Bharat Sanchar Nigam Limited has more than 970 Telephone exchange in Kerala. Income Tax Department has offices at Thiruvalla, Thodupuzha, Guruvayur, Kalpetta, Tirur Palakkad and Kasaragod besides 8 stations mentioned above. All the twelve Public sector banks in India has a total of 3,285 branches in Kerala.
The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government of the Republic of India. It functions under the Department of Revenue of the Ministry of Finance. [5] The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT
Electrical Inspectorate, Kerala; Ground Water Department, Kerala; Kerala Excise; Kerala Fire and Rescue Services; Kerala Forest and Wildlife Department; Kerala Motor Vehicles Department; Kerala Police; Kerala Prisons and Correctional Services; Kerala State Goods and Services Tax Department; Kerala Vigilance and Anti-corruption Bureau; Kerala ...
Personal tax depends on residential status. The CBDT administers the Income Tax Department, which is part of the Ministry of Finance's Department of Revenue. Income tax is a key source of government funding. The Income Tax Department is the central government's largest revenue generator; total tax revenue increased from ₹ 1,392.26 billion (US ...
The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment of the Constitution of India by the Indian government. The GST replaced existing multiple taxes levied by the central and state governments. It an indirect tax (or consumption tax) used on the supply of goods and services. It is a ...
It would provide an average tax cut of $35,000 to households in the top 1 percent (a 1.6 percent increase in their income) while providing an average tax cut of just $30 for households in the ...
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.