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"You Aren't Rich If...": X User Says Anything Less Than Rs 60 Lakh Is Poor, Sparks Debate Online
A fintech enthusiast's X post claiming that anything less than Rs 60 lakh per annum is "poor" has sparked a discussion online.
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Union Budget 2025: Tax Deduction Terms You Should Know Ahead Of Budget
Tax Deductions: A tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income.
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Budget 2024: Centre To Look At Lowering Duties For Properties Purchased By Women
Budget 2024: The government will look at further lowering duties for properties purchased by women and making it an essential component of urban development schemes, Finance Minister Nirmala Sitharaman said on Tuesday.
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India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
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Sustaining 19.5% Growth In Direct Tax Collection In FY24 May Be Difficult: Report
The expected lower nominal GDP growth in 2023-24 on the back of threats of global recession could impact income tax collection, the government source told reporters ahead of the presentation of Union Budget 2023-24 on February 1.
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Centre Planning Lowering Rates In New Income Tax Structure: Report
"Allowing exemptions and tax deductions in the new income tax regime would make it complex and this wasn't the intention while introducing the scheme," said one of the government sources.
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Growth In 2nd Half Of FY23 To Fall To 4-4.5% Due To Headwinds: Report
The report points to the muted wage growth at the lower end of the income pyramid, resulting in a skewed recovery of consumption demand. A broad-based recovery in consumption demand is imperative for sustained growth.
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How The World Is Changing After Its Population Hit 8 Billion
The worlds population reached 8 billion Tuesday, according to estimates from the United Nations, even as the international body said that a surge in births in lower income countries is likely to create risks.
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Spotify Active Users Rose to 465 Million in Q3 2022, Says Profit Margins Squeezed by Slow Advertising Growth
Spotify on Tuesday reported that profit margins were lower than expected, as the streaming service blamed "some softness in advertising," currency fluctuations and retroactive royalty payments to songwriters and music publishers. Premium subscribers, who account for most of the company's revenue, grew 13 percent to 195 million, while the number of ...
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Disney+ Hotstar Now Has 58.4 Million Paid Subscribers, Drives Disney+ to 152.1 Million
Disney+ Hotstar now has 58.4 million paid subscribers, taking the global subscriber count of Disney+ to 152.1 million. This implies that Hotstar contributes to nearly 38 percent of the total Disney+ subscriber count. Disney’s Q3 2022 financial report notes a lower operating income, owing to the marketing campaign for the Indian Premier League (IP...
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IDFC First Bank Profit Jumps Over 165% To Rs 343 Crore In March Quarter
IDFC First Bank on Saturday posted over two-fold rise in net profit to Rs 343 crore in the March 2022 quarter on the back of strong core operating income and lower provisioning for bad loans.
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Budget 2022: Insurers Seek Higher 80C Investment Limit; Lower GST On Health Products
Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance.
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SBI Registers Record Profit In June Quarter, Shares At All-Time High
SBI's net profit in June quarter was boosted by higher other income and lower provisions for bad loans.
-
IndusInd Bank Net Profit Doubles To Rs 1,016 Crore In June Quarter
IndusInd Bank's net profit almost doubled in the first quarter of the current fiscal, driven by growth in retail loans and lower non-performing assets (NPA) provisions
-
Max Financial Shares Edge Higher Post March Quarter Results
Max Financial Services reported a net profit of Rs 70 crore in the January-March quarter from Rs 6.7 crore in the year-ago period, on the back of higher investment income and lower tax expenses
-
"You Aren't Rich If...": X User Says Anything Less Than Rs 60 Lakh Is Poor, Sparks Debate Online
A fintech enthusiast's X post claiming that anything less than Rs 60 lakh per annum is "poor" has sparked a discussion online.
-
Union Budget 2025: Tax Deduction Terms You Should Know Ahead Of Budget
Tax Deductions: A tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income.
-
Budget 2024: Centre To Look At Lowering Duties For Properties Purchased By Women
Budget 2024: The government will look at further lowering duties for properties purchased by women and making it an essential component of urban development schemes, Finance Minister Nirmala Sitharaman said on Tuesday.
-
India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
-
Sustaining 19.5% Growth In Direct Tax Collection In FY24 May Be Difficult: Report
The expected lower nominal GDP growth in 2023-24 on the back of threats of global recession could impact income tax collection, the government source told reporters ahead of the presentation of Union Budget 2023-24 on February 1.
-
Centre Planning Lowering Rates In New Income Tax Structure: Report
"Allowing exemptions and tax deductions in the new income tax regime would make it complex and this wasn't the intention while introducing the scheme," said one of the government sources.
-
Growth In 2nd Half Of FY23 To Fall To 4-4.5% Due To Headwinds: Report
The report points to the muted wage growth at the lower end of the income pyramid, resulting in a skewed recovery of consumption demand. A broad-based recovery in consumption demand is imperative for sustained growth.
-
How The World Is Changing After Its Population Hit 8 Billion
The worlds population reached 8 billion Tuesday, according to estimates from the United Nations, even as the international body said that a surge in births in lower income countries is likely to create risks.
-
Spotify Active Users Rose to 465 Million in Q3 2022, Says Profit Margins Squeezed by Slow Advertising Growth
Spotify on Tuesday reported that profit margins were lower than expected, as the streaming service blamed "some softness in advertising," currency fluctuations and retroactive royalty payments to songwriters and music publishers. Premium subscribers, who account for most of the company's revenue, grew 13 percent to 195 million, while the number of ...
-
Disney+ Hotstar Now Has 58.4 Million Paid Subscribers, Drives Disney+ to 152.1 Million
Disney+ Hotstar now has 58.4 million paid subscribers, taking the global subscriber count of Disney+ to 152.1 million. This implies that Hotstar contributes to nearly 38 percent of the total Disney+ subscriber count. Disney’s Q3 2022 financial report notes a lower operating income, owing to the marketing campaign for the Indian Premier League (IP...
-
IDFC First Bank Profit Jumps Over 165% To Rs 343 Crore In March Quarter
IDFC First Bank on Saturday posted over two-fold rise in net profit to Rs 343 crore in the March 2022 quarter on the back of strong core operating income and lower provisioning for bad loans.
-
Budget 2022: Insurers Seek Higher 80C Investment Limit; Lower GST On Health Products
Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance.
-
SBI Registers Record Profit In June Quarter, Shares At All-Time High
SBI's net profit in June quarter was boosted by higher other income and lower provisions for bad loans.
-
IndusInd Bank Net Profit Doubles To Rs 1,016 Crore In June Quarter
IndusInd Bank's net profit almost doubled in the first quarter of the current fiscal, driven by growth in retail loans and lower non-performing assets (NPA) provisions
-
Max Financial Shares Edge Higher Post March Quarter Results
Max Financial Services reported a net profit of Rs 70 crore in the January-March quarter from Rs 6.7 crore in the year-ago period, on the back of higher investment income and lower tax expenses
