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Budget-2023-24:No tax on income up to Rs 7 lakh, standard deduction allowed under new tax regime

Budget-2023-24:No tax on income up to Rs 7 lakh, standard deduction allowed under new tax regime

by AIP Online Bureau | Feb 1, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy, Workplace/Employee Benefits

Union Finance Minister Nirmala Sitharaman Sitharaman also allowed a Rs 50,000 standard deduction to taxpayers under the new regime, where assessees cannot claim deductions or exemptions on their investments She also tweaked the concessional tax regime, which was...
India can become an upper-middle-income country by 2047: Bibek Debroy

India can become an upper-middle-income country by 2047: Bibek Debroy

by AIP Online Bureau | Aug 30, 2022 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Bibek Debroy,Chairman,EAC-PM The country can become a USD 20 trillion economies by 2047 at this growth rate, he added. India, the world’s sixth largest economy with a GDP of USD 2.7 trillion, is currently classified as a developing nation. New Delhi: India can...

34 per cent of Pakistan’s population lives on just Rs 588 a day income: World Bank

by AIP Online Bureau | Apr 20, 2022 | Data, Eco/Invest/Demography, Policy

The poor spend around 50 per cent of their total consumption on food items, the World Bank said in the report released on Tuesday, the day Prime Minister Shehbaz Sharif appointed Isamil as the finance minister. Around 34 per cent of Pakistan’s population lives...
Two thirds of households with children across countries lost income since COVID-19 hit

Two thirds of households with children across countries lost income since COVID-19 hit

by AIP Online Bureau | Mar 12, 2022 | Eco/Invest/Demography, Health, International News, Pandemic

“The modest progress made in reducing child poverty in recent years risks being reversed in all parts of the world. Families have experienced loss at a staggering scale. While last year inflation reached its highest level in years, more than two thirds of...

Every additional year of education in India increases person’s avg income by about 6.7 pc: Study

by AIP Online Bureau | Nov 16, 2021 | Eco/Invest/Demography, Facts, Health, Life, Non-Life, Policy

The study also found that every rupee invested towards the completion of school education is expected to bring an economic benefit between Rs 4.5 and Rs 8.2 in terms of future earnings of each individual The study pegs the total cost of establishing adequate mental...
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