PM Narendra Modi will today launch 'Transparent Taxation', a drive intended to bring benefits for the taxpayers and ease the process of compliance for honest taxpayers.
Did PM Modi actually claim only 2200 people declared income over 1 crore? Or some people just did not listen properly?
PM Modi mentioned that in a country of more than 130 crore people, only 1.5 crore people pay Income Tax. Even from the 1.5 crore people, the number of people announcing income of over 50 lakhs is just 3 lakhs.
A comparative analysis between the new tax regime without exemptions and old income tax regime with exemptions and deductions
To promote growth, just cut tax rates: Here is the likely impact of tax rates for corporates being slashed by the Modi govt
1- 22 per cent of Corporate Tax Rate because it is the optimal tax rate implies that revenue maximization is the key driver of taxation policy going forward.
Being the driver of consumption and wealth generation in an economy, the Middle Class expected their tax burden to reduce. It is in this background, the Budget of 2019-20 is important.
Fiscal year 2019 sees an increased Direct Tax collection, exceeding by Rs 50000 crores that was originally budgeted at Rs 11.50 lakh crores
Budget 2019: Piyush Goyal, PM Modi hail the contributions of the middle class in country’s economy, bring tax relief
Piyush Goyal showers praise for the middle class, as he announces major benefits and tax relief.
Demonetisation was an important step in building a culture where tax compliance is a habit. Demonetisation and GST are heralding the New India.
Direct Taxes collections this year have exceeded budget expectations.
The government has delivered well on most parameters
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