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92% Indian tax payers within Rs 10 lakh gross total income bracket

by AIP Online Bureau | Mar 20, 2022 | Data, Eco/Invest/Demography, Life, Non-Life, Wealth Management/ Philanthropy

The taxpayers’ profile in India is that more than 92 percent filers are in the 0-Rs 10 lakh gross total income bracket, beyond Rs 10 lakh-Rs 50 lakh is 6-7 percent and from Rs 50 lakh to Rs 5 crore is 0.6-0.7 percent and beyond Rs 5 crore of gross total income...

Taxation of ULIP proceeds to create ‘level-playing field’ with MFs: I-T dept

by AIP Online Bureau | Jan 24, 2022 | Indian News, Life, Policy

The Central Board of Direct Taxes (CBDT), that frames policy for the income tax department, had on January 18 notified the rules stating the method of calculation of capital gains with regard to ULIPs with annual premium of more than Rs 2.5 lakh and subsequently...
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