WHAT IS PERSONAL INCOME TAX RATE?
Personal Income Tax Rate
Personal income tax is a taxation system that the government imposes on income generated by individuals. By law, taxpayers must file an income tax return annually to determine their tax obligations. The revenues from here are an important source of income for the government of India.
This type of income tax is levied on an individual's wages, salaries, and other types of income such as pensions, interest, and dividends.
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LATEST UPDATES ON PERSONAL INCOME TAX RATE
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Over 44.3 mn income tax returns filed till December 25 for 2020-21
Over 4.43 crore income tax returns (ITRs) for the 2020-21 fiscal have been filed, which includes over 1.16 mn returns filed on ...| December 26, 2021, Sunday -
New vs old tax regime: Compute liability before making the switch
Non-investors in tax-saving instruments may opt for the new regime| August 04, 2021, Wednesday -
BS Number Wise: Tax mop up shines through fragile recovery
Direct-tax-to-GDP ratio in the first quarter of 2021-22 increased to 5.14 per cent, compared with 3.29 per cent over the last two ...| August 03, 2021, Tuesday
