
Budget 2023: Modi govt announces 5 major changes in income tax
FM proposes to increase personal I-T rebate limit to ₹7 lakh under new tax regime; to cut total slabs to 5 and increase exemption limit to ₹3 lakh
FM proposes to increase personal I-T rebate limit to ₹7 lakh under new tax regime; to cut total slabs to 5 and increase exemption limit to ₹3 lakh
The GST revenue collection in the current financial year up to January 2023 is 24% higher than the GST revenues during the same period last year.
The highway ministry is likely to get gross budgetary support to the tune of ₹2.10 lakh crore in the upcoming budget.
The value of the total currency in March this year has gone up 89% to ₹31,05,721 crore, compared with Rs 16,41, 571 crore as of March 2016.
Any legislation can be effective only with significant international collaboration on the evaluation of risks and benefits, says Pankaj Chaudhary.
FinMin says July 31, 2022, marked the highest filing of ITRs in one day at 72.42 lakh, while throughout the month, 5.13 crore returns were filed.
Govt collects GST revenue of over ₹1.4 lakh crore for 9th straight month; revenue on month-on-month basis dips as govt grossed ₹1.5 lakh cr GST revenue last month.
Q2 GDP growth eases due to lack of favourable base effect; in terms of GVA, growth for Q2 stands at 5.6%, a dip from 8.3% in year-ago period.
The finance ministry has cited the rising fuel prices as a major contributor to the gap between CPI and WPI inflation in the past few months.
The development comes days after the IT department extended the due date to file tax audits for the fiscal year 2021-22 by seven days due to technical glitch.