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Download as PDF; Printable version; ... This is a list of Indian state budgets as enacted by the state legislatures for the upcoming fiscal year. ... 2024-25 [16 ...
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]
States with the highest share of general revenue from alcohol taxes are Tennessee (0.7%), Alabama (0.6%), and North Carolina (0.6%). In addition, state and local governments collected $12.7 billion from government-owned liquor stores and $0.9 billion in the form of license taxes. Although these are large dollar amounts, alcohol's share of total ...
The capital gains tax structure has also undergone changes: Short-Term Capital Gains (STCG): The tax rate on short-term capital gains from shares, mutual funds, and real estate has been increased from 15% to 20%. [9] Long-Term Capital Gains (LTCG): The tax rate on long-term capital gains has been set at 12.5%. Additionally, the exemption limit ...
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.
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The national average HDI for India in 2008 was 0.467. [1] By 2010, its average HDI had risen to 0.519. [2] [3] UNDP, the sponsor of the Human Development Index methodology since 1990, reported India's HDI to be 0.554 for 2012, [4] an 18% increase over its 2008 HDI. The United Nations declared India's HDI to be 0.586 in 2014, [5] a 5.77% ...
2021/22 tax data shows a very wide income range on a state-by-state basis. ... to set yourself up for financial success in 2025. For instance, Bank of America’s 2024 Study of Wealthy Individuals ...