by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, Indian News, Policy
Sanjay Malhotra,Revenue Secretary, Ministry of Finance Currently, the country has two personal income tax regimes. In the old income tax regime, the tax rates are higher but taxpayers can claim exemptions and deductions which is a relatively more complicated process....
by AIP Online Bureau | Dec 18, 2023 | Data, Life, Policy
The number of ITRs filed in the 2021-22 fiscal rose to over 6.94 crore and further to over 7.40 crore in the 2022-23 fiscal. The number of persons whose I-T returns amount to zero tax liability during the last four years increased from 2.90 crore in fiscal 2019-20 to...
