E-PaperTax Slab News
7 Key highlights of the 50th GST Council meet | Mint Primer | Mint
The 50th GST Council meeting brought significant changes, including tax exemptions on cancer drugs and rare disease medicines. The GST rate was reduced to 5% for snack palettes, fish soluble paste, LD slag, and imitation zari thread. However, online gaming faced a setback with a 28% GST rate imposed. The meeting also addressed concerns about ED interference in GSTN. This video explores the key highlights of the meeting, showcasing the latest updates and their implications on various sectors of the Indian economy.
13 Jul 2023GST revised rates on pencil, jaggery to be effective from today
GST Council has reduced the tax rate on several items, including 'Rab' (liquid jagger) and pencil sharpeners
1 min read1 Mar 2023Income Tax Slabs After Budget #shorts #incometaxslab #tax #incometax #budget2023
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17 Feb 2023Industry bodies seek GST structure rationalisation on metal scraps
AIIFA said that the induction furnace sector contributes around 35% to the total steel production in India, requesting the government to rationalise the GST structure
1 min read17 Feb 2023Centre will not merge GST tax rates in FY24: Report
However, the plan for fewer tax bands in GST is still on the cards, but the timeline is not specified yet.
1 min read6 Feb 2023Key Budget Facts You Should Know | Union Budget 2023 | Mint Primer | Mint
The Government presents its Budget on the first day of February so that it could be materialized before the beginning of the new financial year in April. This year, the Budget 2023 is too significant having been the last full union budget being presented by the Modi government before 2024 parliamentary polls and here are key facts that you must know before you get to watch the Budget session on February 1.
22 Jan 2023Why you should switch out of dividend plans of mutual funds | Why Not Mint Money
Budget 2020 has abolished dividend distribution tax on dividends of mutual funds. It has made dividends taxable at slab rate in the hands of investors. However, this will lead to higher tax burden on investors in all but the lowest tax slabs. Mint explains how and what you can do about it.
6 Feb 2020Every big transaction you make, taxman will be watching you
CBDT says it will make greater use of technology, data analysis and AI to comb through large transactionsThe CBDT chief said scaling up information gathering will enable I-T dept to offer pre-filled returns of income
3 min read5 Feb 2020Few taxpayers may need to opt for new tax regime
New tax regime will make no difference to those with taxable income up to ₹5 lakhOn an average, during AY19, an individual ITR filer claimed a deduction of ₹80,500
3 min read3 Feb 2020Lower tax rate, good or bad? | Why Not Mint Money
Exemptions and deductions translate into huge tax savings and so you may not exactly gain under the lower tax rate system.
3 Feb 2020Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared