Income Tax Cuts
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Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
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Nitish Kumar's Vajpayee Reference Amid Centre vs Opposition Over Adani Row
Bihar Chief Minister Nitish Kumar on Friday said the Income Tax department's surveys on BBC premises in Delhi and Mumbai were a "clear cut" indication of the Narendra Modi government's intolerance of criticism.
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UK Drops Tax Cut For Top Earners Amid Row, Liz Truss's 1st Policy U-turn
Britain on Monday scrapped plans to axe its top income tax rate just 10 days after a debt-driven budget sparked turmoil on markets and fierce criticism during a cost-of-living crisis.
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UK To Reverse Income Tax Cut That Sparked Market Turmoil, Plunge Pound
The government of British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in financial markets.
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Economy "Fastest", Monsoon Good, Crude Down: Government Hopes To Cut Price-Rise Now, Say Sources
The government also intends to eventually "do away with income tax exemptions" and "look at ways to strengthen the system", say sources
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Rishi Sunak Pledges 20% Cut In Basic Rate Of Income Tax By 2029 In UK
Rishi Sunak, trailing in the race to become Britain's next prime minister, has vowed to slash the basic rate of income tax by 20% by 2029.
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How Much Wealth Do You Need To Join The World's Richest 1%? Details Here
Joining the ranks of the richest 1% is never easy, but it's especially hard in Monaco. You need to be worth almost $8 million to make the cut in the Mediterranean principality, where residents typically don't pay income taxes, according to research on more than two-dozen locations by Knight Frank.
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Tax Holiday For Startups, Relief For Senior Citizens: Top 10 Tax Highlights Of Budget 2021
Budget 2021 Tax Highlights: In a major tax relief for senior citizens, Finance Minister Nirmala Sitharaman while presenting Budget 2021 announced that citizens aged 75 years and above, who only have pension and interest income are now exempted from filing the tax returns. In last year's budget, a major cut in the tax rates for the salaried class wa...
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In Relief For Small Businesses, Rs 5,204-Crore Income Tax Refunds Issued In 10 Days
These income tax refunds will help MSMEs carry on their business activities without pay cuts and layoffs in the COVID-19 pandemic situation.
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Budget 2020: What's In It For You
Finance Minister Nirmala Sitharaman's Budget speech today hovered broadly on a handful of themes, some of which include ease of living, structural reforms, digital revolution and inclusive growth. Her Budget speech - the second in less than a year - was also the longest in India's history at two hours and 41 minutes, beating her own record of last ...
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5 Tax Slabs With Lower Rates For Those Who Surrender Exemptions
As Finance Minister Nirmala Sitharaman presents her second Union Budget, she has announced significant income tax cuts.
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Budget Highlights 2020: Know Key Takeaways Of Union Budget
Budget 2020: The Union Budget 2020 is based on three themes - Aspirational India, economic development for all, and caring society. The Income tax rates have been cut, 10% for income of Rs 5-7.5 lakh against earlier 20%
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Budget 2020: Income Tax Cuts, Concessions For Home Buyers Predicted
Finance Minister Nirmala Sitharaman is set to outline fiscal steps that may include higher spending in rural areas and possible tax cuts when she delivers her second budget speech in New Delhi.
-
Government Faces First Fall In Direct Taxes In At Least Two Decades: Report
A sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, denting tax collections.
-
What Economists Want From Finance Minister To Kickstart Consumption
Mr Abheek Barua, Chief Economist, HDFC Bank, said in a report that the upcoming budget is unlikely to mark a departure from past budgets. There may not be any major fiscal stimulus to ramp up growth as the finance ministry itself has capped government spending in Q4 FY20. And there may only be minor tweeking of tax slabs as a cut in income tax is u...
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Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
-
Nitish Kumar's Vajpayee Reference Amid Centre vs Opposition Over Adani Row
Bihar Chief Minister Nitish Kumar on Friday said the Income Tax department's surveys on BBC premises in Delhi and Mumbai were a "clear cut" indication of the Narendra Modi government's intolerance of criticism.
-
UK Drops Tax Cut For Top Earners Amid Row, Liz Truss's 1st Policy U-turn
Britain on Monday scrapped plans to axe its top income tax rate just 10 days after a debt-driven budget sparked turmoil on markets and fierce criticism during a cost-of-living crisis.
-
UK To Reverse Income Tax Cut That Sparked Market Turmoil, Plunge Pound
The government of British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in financial markets.
-
Economy "Fastest", Monsoon Good, Crude Down: Government Hopes To Cut Price-Rise Now, Say Sources
The government also intends to eventually "do away with income tax exemptions" and "look at ways to strengthen the system", say sources
-
Rishi Sunak Pledges 20% Cut In Basic Rate Of Income Tax By 2029 In UK
Rishi Sunak, trailing in the race to become Britain's next prime minister, has vowed to slash the basic rate of income tax by 20% by 2029.
-
How Much Wealth Do You Need To Join The World's Richest 1%? Details Here
Joining the ranks of the richest 1% is never easy, but it's especially hard in Monaco. You need to be worth almost $8 million to make the cut in the Mediterranean principality, where residents typically don't pay income taxes, according to research on more than two-dozen locations by Knight Frank.
-
Tax Holiday For Startups, Relief For Senior Citizens: Top 10 Tax Highlights Of Budget 2021
Budget 2021 Tax Highlights: In a major tax relief for senior citizens, Finance Minister Nirmala Sitharaman while presenting Budget 2021 announced that citizens aged 75 years and above, who only have pension and interest income are now exempted from filing the tax returns. In last year's budget, a major cut in the tax rates for the salaried class wa...
-
In Relief For Small Businesses, Rs 5,204-Crore Income Tax Refunds Issued In 10 Days
These income tax refunds will help MSMEs carry on their business activities without pay cuts and layoffs in the COVID-19 pandemic situation.
-
Budget 2020: What's In It For You
Finance Minister Nirmala Sitharaman's Budget speech today hovered broadly on a handful of themes, some of which include ease of living, structural reforms, digital revolution and inclusive growth. Her Budget speech - the second in less than a year - was also the longest in India's history at two hours and 41 minutes, beating her own record of last ...
-
5 Tax Slabs With Lower Rates For Those Who Surrender Exemptions
As Finance Minister Nirmala Sitharaman presents her second Union Budget, she has announced significant income tax cuts.
-
Budget Highlights 2020: Know Key Takeaways Of Union Budget
Budget 2020: The Union Budget 2020 is based on three themes - Aspirational India, economic development for all, and caring society. The Income tax rates have been cut, 10% for income of Rs 5-7.5 lakh against earlier 20%
-
Budget 2020: Income Tax Cuts, Concessions For Home Buyers Predicted
Finance Minister Nirmala Sitharaman is set to outline fiscal steps that may include higher spending in rural areas and possible tax cuts when she delivers her second budget speech in New Delhi.
-
Government Faces First Fall In Direct Taxes In At Least Two Decades: Report
A sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, denting tax collections.
-
What Economists Want From Finance Minister To Kickstart Consumption
Mr Abheek Barua, Chief Economist, HDFC Bank, said in a report that the upcoming budget is unlikely to mark a departure from past budgets. There may not be any major fiscal stimulus to ramp up growth as the finance ministry itself has capped government spending in Q4 FY20. And there may only be minor tweeking of tax slabs as a cut in income tax is u...
