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Tax Rate

View: From reduction in LTCG tax to uniform surcharge rates — Key expectations of FPIs from Budget 2023

View: From reduction in LTCG tax to uniform surcharge rates — Key expectations of FPIs from Budget 2023

Mon, Jan 30, 2023

The extant provisions provide a beneficial tax rate of 5 percent on interest income earned by FPIs on rupee denominated bonds of an Indian company, Government securities or municipal debt securities subject to fulfilment of prescribed conditions upto 1 July 2023.

UK PM Liz Truss U-turns on tax cut for wealthiest to avert rebellion

UK PM Liz Truss U-turns on tax cut for wealthiest to avert rebellion

Mon, Oct 03, 2022

Truss, who replaced Boris Johnson as prime minister after a hard-fought leadership battle with British Indian former Chancellor Rishi Sunak last month, soon referenced her Chancellor's tweet to add: "The abolition of the 45pc rate had become a huge distraction from our mission to get Britain moving.

Brick manufacturing, trading to attract 6% GST without ITC; 12% with credit

Brick manufacturing, trading to attract 6% GST without ITC; 12% with credit

Fri, Apr 01, 2022

Brick kilns can opt for a composition scheme to pay a 6 percent GST without input tax credit (ITC) beginning Friday, higher than 5 percent earlier.

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Edelweiss pegs FY18 fiscal deficit at 3.4%

Edelweiss pegs FY18 fiscal deficit at 3.4%

Sat, Jan 20, 2018

Indirect taxes are likely to witness a shortfall to the tune of Rs 222 billion

Budget 2018: Cryptocurrencies' traders wait for clarity on legality and taxation

Budget 2018: Cryptocurrencies' traders wait for clarity on legality and taxation

Sat, Jan 20, 2018

Not only Bitcoin, other cryptocurrencies like Ripple, Litecoin and Ethereum are also gaining popularity among Indians

Will govt bring change in income tax slab? here's the present structure

Will govt bring change in income tax slab? here's the present structure

Tue, Jan 02, 2018

Every year the government revises the income tax slab rates during the budget. Various deduction are allowed to a taxpayer under Section 80C and Section 80D.

Fast forward; GST set to transform face of Indian logistics industry

Fast forward; GST set to transform face of Indian logistics industry

Fri, Jun 30, 2017

India`s greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is transforming the logistics industry in a country where moving stuff around is notoriously difficult to do, executives say.

Economy class air travel set to become cheaper from July 1; Govt fixes tax rate at 5%

Economy class air travel set to become cheaper from July 1; Govt fixes tax rate at 5%

Sat, May 20, 2017

The economy class air travel in airlines is set to become cheaper while the business class will become dearer with the implementation of GST from July 1 as the government has lowered the tax rate on air fares of economy class while it has increased the tax rate on air fares of business class.

10 things you need to keep in mind while making your tax declarations

10 things you need to keep in mind while making your tax declarations

Sat, Apr 22, 2017

Based on this declaration the employer will deduct the tax from the salary every month.

Budget 2017: Industry, experts want corporate tax slashed to 25%

Budget 2017: Industry, experts want corporate tax slashed to 25%

Mon, Jan 23, 2017

In a bid to attract more investments in the country, both India Inc and analysts are looking for an immediate cut in the corporate tax to bring it down to 25% in the upcoming Union Budget 2017-18 from the current 30%.

Donald Trump tax cuts could mean more Novartis investment in US

Donald Trump tax cuts could mean more Novartis investment in US

Wed, Jan 18, 2017

Donald Trump`s plans to cut US corporate tax rates could trigger increased investment in the United States (US) by Novartis, its chief executive told Reuters, despite the president-elect`s recent harsh words on drug prices.

PM Narendra Modi hints at increase in taxes on income from stock markets; promises prudent reforms

PM Narendra Modi hints at increase in taxes on income from stock markets; promises prudent reforms

Sat, Dec 24, 2016

Ahead of the Budget, Prime Minister Narendra Modi on Saturday favoured increasing the tax contribution from various market participants in a "fair, efficient and transparent way" and promised more "sound and prudent policies and reform measures".

Centre to compensate states every quarter for GST revenue loss

Centre to compensate states every quarter for GST revenue loss

Sat, Nov 26, 2016

States will receive provisional compensation from Centre for loss of revenue from implementation of Goods and Services Tax (GST) every quarter but the final annual number would be decided after an audit carried out by CAG.

There should be minimum tax on ayurvedic products: Acharya Balkrishna

There should be minimum tax on ayurvedic products: Acharya Balkrishna

Fri, Nov 04, 2016

After the GST Council fixed the tax rates on various products on Thursday, Patanjali Ayurved's chief executive officer Acharya Balkrishna told Zee Business that there should be minimum tax on ayurvedic products.

GST to be less regressive with lower tax band at 5%: Experts

GST to be less regressive with lower tax band at 5%: Experts

Fri, Nov 04, 2016

A zero tax on daily necessities as well as lower rate of 5% for items of mass consumption will make the new Goods and Services Tax (GST) regime, to be rolled out from April next year, less regressive, tax experts said.

GST Council to take final decision on tax rate on October 19

GST Council to take final decision on tax rate on October 19

Wed, Oct 19, 2016

The decision on the Goods and Services Tax (GST) rates, which will have four slabs, will be taken on Wednesday by the GST Council that kicked off its three-day meeting on Tuesday. On Tuesday, the GST Council reached a consensus on state compensation and the base year will be 2015-16.

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