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Tax Revenue

Advance Tax Collections Jump 41%; Net Direct Tax Mop-Up Soars 48% To Rs 13.6 Lakh Crore

The direct tax collection for FY22 has beaten the revised estimate of Rs 12.50 lakh crore, as it stood at Rs 13.63 lakh crore as of March 17

17 March 2022

March 15 Is The Last Date To Pay Advance Tax: Time To Clear Your Liability

With the advance tax deadline just a few days away, try to pay on time. A delay will mean paying interest of 1 per cent from the due date till the date the tax return is filed


Freelancers Can Use These Expenses To Avail Tax Deductions

Even when you are a freelancer, you are liable to pay taxes, as per income tax laws. Here’s a guide to understanding the expenses that are tax deductible from your income


 that you may consider at this point:

3 Quick Tax-Saving Options That Have Dual Benefits

There are ways by which you could save tax even at the last minute, before the financial year comes to an end. These three quick tax-saving products do more than just that

15 March 2022

GST is a four-tier structure attracting a tax rate of 5, 12, 18 and 28 per cent.

GST Council May Consider Proposal To Raise Lowest Slab To 8%, Rationalise Tax Slabs

A panel of state finance ministers is likely to submit its report by this month's end to the Council suggesting various steps to raise revenue, including hiking the lowest slab and rationalising the slab.


New tax regime needs to be incentivized for it to pick up: Tarun Bajaj

New tax regime needs to be incentivized for it to pick up: Tarun Bajaj

It is important to simplify tax laws simple and unless exemptions are removed, it would be difficult to do so, says revenue secretary Tarun Bajaj

26 February 2022

31st March Financial Year end

3 Things Taxpayers Should Do Before The Financial Year Ends

As March 31, the last date of completing tax-saving investments, knocks on the door, are you prepared with your tax and investment planning? If not, here’s a simple guide on how to do it.

14 March 2022

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Loan

4 Loan Options For Gen-Z and Millennials With Low Credit Scores

Gen-Z and millennials often have a low or no credit score due to lack of credit history, but there are other loan options in the market.

23 February 2022

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09 February 2022
Government Open To 'Some Tinkering' In Capital Gains Tax Regime, Says Revenue Secretary

Government Open To 'Some Tinkering' In Capital Gains Tax Regime, Says Revenue Secretary

Under the Income Tax Act, gains from the sale of capital assets, both movable and immovable, are subject to 'capital gains tax'. The Act, however, excludes...


01 February 2022
Haven't Raised Taxes This Year Too: Finance Minister

Haven't Raised Taxes This Year Too: Finance Minister

Sitharaman's fourth Budget in a row neither tinkered with tax slabs nor raised the standard deduction, which was widely expected in view of elevated inflation...


01 November 2021
With Tax Revenue, Capex, And Manufacturing Activity On The Rise, Is The Indian Economy Firing On All Cylinders?

With Tax Revenue, Capex, And Manufacturing Activity On The Rise, Is The Indian Economy Firing On All Cylinders?

Tax collection growth benefitted from robust advance taxes amid a formalisation of the economy. Corporation tax, CGST, customs and excise duty collections...


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