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.
About 140 people out of 193 who were admitted to various government medical facilities after they consumed the spurious liquor on Tuesday night were currently stable, Kallakurichi district collector M S Prasanth said.
Mint Road, on December 21, 2023, flagged the role of self-regulatory organisations (SROs) in strengthening the compliance culture in regulated entities (REs) and providing a consultative platform for policymaking. It also decided to issue an omnibus framework for SROs.
Live on one of Gelephu's inhabitable bridges where elephants will saunter past, be it day or night; or be homed in a never-ending building with flying cars and robot maids? asks ambivalent Sandeep Goyal.
The suspension was ordered by the Moradabad district administration after the then SDM of Bilari Ghanshayam Verma was found guilty in the preliminary investigation.
Terrorists active in Jammu and Kashmir will either land in jail or be sent to jahannum (hell), Minister of State for Home Affairs Nityanand Rai said in the Rajya Sabha on Wednesday while asserting that the Modi government has zero tolerance for terrorism.
Rehabilitation of street kids, pet parenting, housing dreams, desert dramas and life changing magicians, Sukanya Verma suggests all this and more on OTT this week.
In the case of double-income couples, not more than 40 per cent of the net income of one partner should be the EMI for the property.
Wing Commander Raveendran and flight steward Sargeant Iyer, though shaken and injured, managed to open the rear door of the aircraft and shouted for Prime Minister Morarji Desai and the passengers in the forward cabin to exit in haste since they suspected that fire would engulf the aircraft.
Prime Minister Narendra Modi on Tuesday said the people of the country had given his government the chance to serve them for the third consecutive term after testing it on every criteria.
Your choice between the Old and New Tax Regimes should reflect your financial strategy and investment goals, says Ramalingam Kalirajan
F&O trading is a zero-sum game where one person's loss is another's gain. Only one per cent of traders gained the money lost by 93 per cent, warns Harsh Roongta.
The landfall process of the severe cyclonic storm Dana was complete on Friday morning and the system took at least eight and half hours to enter the landmass, India Meteorological Department (IMD) said.
The parents of the woman doctor, who was allegedly raped and murdered inside the RG Kar Medical College and Hospital last week, have told the Central Bureau of Investigation (CBI) that a few interns and physicians of the same medical establishment were involved in the crime, an officer said on Friday.
Singh targeted the Congress using a 'snakes and ladders' analogy, saying the party will fall to zero from 99 after being bitten by a snake -- referring to the grand old party winning 99 seats in the Lok Sabha polls.
This is a major security breach, Congress MP Gurjeet Singh Aujla said.
Trump is hitting battleground states of North Carolina, Pennsylvania and Michigan to make his closing remarks in the election.
The BJP hailed teh package, saying it reflected the government's commitment towards creating jobs and stimulating the economy.
'As far as skilled immigration is concerned, the US needs Indian skills and Indian talent, and there are no two opinions about it even among US companies.'
'Expunging remarks is within the powers of the Speaker.' 'Nobody can question or challenge the Speaker's decision.'
The chargesheet, spread over 1,000 pages, was filed before the Patiala House Court in June and the court took its cognisance last month. A supplementary was filed in July.
Prime Minister Narendra Modi on Tuesday said the people have given his government a mandate for stability and continuity for the third consecutive term after seeing its work of 10 years and accused the Congress of trying to build a narrative that it has defeated the Bharatiya Janata Party-led National Democratic Alliance in the Lok Sabha polls.
Lok Sabha members Hanuman Beniwal, Malook Nagar and Gurjeet Singh Aujla were at the centre of the scene when a group of MPs managed to overpower two persons who jumped into the House chamber and released yellow gas from canisters.
He also pointed out the high sums earned by the coaching centres leading to the commercialisation of education.
Reservation was voiced in the Rajya Sabha on Tuesday over the decision to shuffle the timing of Question Hour and Zero Hour from Parliament's next session with Samajwadi Party seeking its reconsideration.
Somnath Chatterjee described Zero Hour in the Lok Sabha as 'torture hour' on Wednesday.
'For me, if I want to buy a house to stay, I don't care about indexation because I don't want to sell that house.' 'The only thing that matters to me as a buyer is that the home price should be within my reach.' 'Any market, when speculators and investors go out, it will benefit the middle class.'
Birla informed the House that four persons have been arrested - two from inside the House, and two from outside Parliament in connection with the incident.
Experts say this is a good time to buy a house for self-use, points out Sanjay Kumar Singh.
'I have heard your anger, disappointment and I take responsibility for this loss,' Rishi Sunak said in his brief speech at 10, Downing Street.
Union Home Minister Amit Shah on Wednesday said the Centre had sent multiple advance warnings to the Kerala government about possible floods and landslides in the state, starting as early as July 23, and nine National Disaster Response Force (NDRF) teams were rushed to the state the same day.
'The voice coming out of every home is Modi, Modi, Modi...' 'He is in people's hearts. Who can stop us from 400 paar?'
Shah said the new laws would give priority to providing justice, unlike the colonial-era laws that gave primacy to penal action, and made reporting of crimes even easier by recognising e-FIR, Zero FIR and electronic or digital evidence.
The specter of how the Munambam issue was exploited during the November by-elections is proof of the price Kerala is paying for its emergent politics. Controversies become the stuff of slow-burn and brinkmanship. The former promises mileage; the latter searches for an advantage, notes Shyam G Menon.
rediffGURU Kanchan Rai urges you to talk about your problems so you can seek solutions and also transform your life.
'You can still smell the smoke in the Lok Sabha.'
The purchase or construction of houses by large numbers of people can add meaningfully to India's economic growth, points out Neelkanth Mishra.
'We called him Sher-e-Kashmir but we realised he was no lion but a pussycat who surrendered.'
The White House on Friday said the "zero option" is not the preferred option for the United States with regard to troop presence in Afghanistan post 2014 and the number of soldiers to remain in the war-torn nation would depend on the core objective of the defeat of Al Qaeda.
Finance Minister Nirmala Sitharaman's Budget proposals lay out a comprehensive road map for transforming India into a developed nation, focusing on key priorities that aim to generate ample opportunities for all citizens in "Viksit Bharat". It sets the stage for sustained economic growth, social development, and technological advancement.
