The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should prompt more than 90 per cent of individual taxpayers to embrace the new tax regime as compared to the about 75 per cent as of now, CBDT Chairman Ravi Agrawal said. Agrawal also highlighted the government's focus on "non-intrusive" tax administration through enhanced use of Artificial Intelligence (AI) and simplified tax processes for common taxpayers. He emphasized the benefits of the new tax regime (NTR), which offers simple calculations and allows taxpayers to file their ITR without professional help. The CBDT chief stated that the Budget provisions related to income tax payment benefit all income earners, not just those earning Rs 12 lakh per annum, creating a positive sentiment in the economy and propelling growth. The department is also harnessing technology, including AI and data analytics, to widen and deepen the tax base, resulting in increased compliance and tax revenue. Agrawal further highlighted the positive impact of data availability and simplified tax processes on compliance rates, citing examples of taxpayers filing revised returns and paying taxes after being prompted by the department's data analysis.
When investing in fixed-income products, balancing considerations like safety, liquidity, and income is essential.
This year's Lakme Fashion Week x FDCI was lit.
Prithvi Shaw posted an adorable picture to wish his father on his birthday.
Defending champions Puneri Paltan extended their unbeaten run to four games as they defeated a listless Gujarat Giants 49-30 with a dominant display in the Pro Kabaddi League in Hyderabad on Monday.
While Satya's pleasures are palpable -- among them the poetry of the coarse language, the mercifully rough-hewn texture, the oh-so-familiar underdog story -- these pleasures hit you at a completely different speed. The movie is charged with a sense of discovery, and every shot is a cornucopia of details existing independent of the main story. It's touching, notes Sreehari Nair.
Expressing condolences on the demise of the doyen of Indian industry and Chairman Emeritus of Tata Group, Finance Minister Nirmala Sitharaman on Thursday said he has left an indelible mark on society. "Saddened by the passing away of Shri Ratan Tata, a leader par excellence, visionary industrialist, and philanthropist whose contributions have left an indelible mark on our society," Sitharaman said in a post on X.
Film folk glammed up for the Navbharat Times newspaper's 74th anniversary celebrations at the NBT Utsav 2024 awards.
Pacer Pankaj Singh, who contributed in Rajasthan's two Ranji Trophy triumphs and briefly played for India, on Saturday announced his retirement from all forms of cricket.
The Pakistan Blind Cricket Council (PBCC) said the tournament will go ahead on schedule irrespective of India's participation.
PM Modi congratulates Pankaj Advani on his 22nd world title
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday said the central bank has developed an innovative artificial intelligence and machine learning (AI/ML) based model MuleHunter.ai to address the growing issue of mule bank accounts that are often used for committing financial fraud. Developed by the Reserve Bank Innovation Hub, the new initiative is piloted with two public sector banks.
The GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums, officials said. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided that some more technicalities needed to be ironed out and tasked the GoM for further deliberations.
'The incident has underlined that you can't leave anything to chance or take anything for granted.' 'You have to ensure that your family is taken care of 24x7.'
'Sabra ka phal meetha nahi, Mirzapur 3 hota hai.' 'With Mirzapur 3, we take the narrative to a whole new level.'
Pankaj Advani won the Senior National Billiards Championship yet again, scoring a 5-2 victory over Sourav Kothari in a pulsating final, in Kolkata, on Tuesday.
The government on Monday scrapped 30-month old windfall profit tax on domestically-produced crude oil and on export of jet fuel (ATF), diesel and petrol following a decline in international oil prices. Minister of State for Finance Pankaj Chaudhary tabled a notification in Rajya Sabha scrapping the levy on crude oil produced by firms like state-owned Oil and Natural Gas Corporation (ONGC) and exports of fuels done by companies like Reliance Industries Ltd.
Lieutenant Governor Manoj Sinha on Monday invited National Conference leader Omar Abdullah to take oath as first chief minister of the union territory of Jammu and Kashmir on October 16.
Life insurers shifted their focus to selling high-value policies in October as the transition to new surrender value norms, effective October 1, limited their ability to roll out all products in their portfolio. This led to a 40 per cent year-on-year (Y-o-Y) drop in the number of policies sold in October. Additionally, distributors engaged in a fire sale of policies in September due to uncertainty about the impact of the new norms on their commission structures.
A day after a man was arrested in Ghaziabad for allegedly posing as the long-lost son of two different families -- one in Ghaziabad and another in Uttarakhand, police on Saturday said the accused duped at least seven more families in other states using the same story.
The media asks Shraddha an important question.
Eight-time World Champion Pankaj Advani blanked Briton Matthew Selt 4-0 to qualify for the Indian Open, a premier championship.
Former Indian Prime Minister Manmohan Singh passed away on Thursday night at the age of 92. He was brought to the emergency department of AIIMS Delhi in critical condition after "sudden loss of consciousness."
'Consider your household's financial health and all your other goals.' 'Buying a house might seem like an urgent goal, but it is rarely the only one.'
The Supreme Court of India has ruled that religious conversions undertaken solely to avail reservation benefits without genuine belief in the adopted religion amount to "fraud on the Constitution". The court upheld a Madras High Court decision denying a scheduled caste certificate to a woman who converted to Christianity but later claimed to be a Hindu to secure employment benefits.
After a flurry of flops and disasters -- Tumbbad bringing in a whiff of fresh air despite being a re-release -- Devara has managed to bring audiences back to theatres.
'Shooting with Pankaj was a delightful experience because he was a charming, easy and effortless singer.'
rediffGURU Nidhi Gupta, a physiotherapist and the founder of the Merahki Holistic Wellness Company, answers your health-related queries.
The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35 per cent tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is likely to discuss rate rejig in about 148 items, besides, it will also deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
Jaipur Pink Panthers managed to hold their nerve to secure their third consecutive win, clinching a thrilling contest against Puneri Paltan 30-28.
Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow came following a nine-month high investment of Rs 57,724 crore in September. Since June, Foreign Portfolio Investors (FPIs) have consistently bought equities, after withdrawing Rs 34,252 crore in April-May.
The film promises the same hilarious stupidity with amusing gags, especially Pankaj Tripathi's snappy dialogues and Rajkummar Rao's physical comedy, which made the 2018 hit rollicking fun, observes Mayur Sanap.
Congress leader Priyanka Gandhi Vadra's husband Robert Vadra on Tuesday alleged that the Bharatiya Janata Party was behind Dera Sacha Sauda chief Gurmeet Ram Rahim Singh and Aam Aadmi Party convenor Arvind Kejriwal being out of jail to campaign in the Haryana polls with an aim of denting the Congress' chances.
A bench of Justices Abhay S Oka and Pankaj Mithal said the agency cannot cast aspersions on the entire judiciary in West Bengal.
It was a hit and miss for some but each one of them revelled in the opportunity to showcase their talent.
A bench of Justices PS Narasimha and Pankaj Mithal said when reasonable care, expected of the medical professional, was extended or rendered to the patient unless contrary was proved, it would not be a case for actionable negligence.
The building had a motor workshop and warehouse on the ground floor, a medical godown on the first floor and a cutlery warehouse on the second floor.
After Jawan, it has emerged as the second Hindi film to enter the Rs 600 Crore (Rs 6 billion) Club.
The 15th Khazana Ghazal Festival 2016 was held in Mumbai on July 30.
Late-stage diagnosis is a major issue, with over 75 per cent of cases being detected at advanced stages (50 per cent at Stage 3 and 25 per cent at Stage 4). This significantly reduces survival rates.
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