UAE has corporate taxes - 18 to 25%.
No income tax.
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HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES
Based on Earnings from different departments
₹27 - Borrowings & other liabilities
₹19 - Income Tax
₹18 - GST & Other Taxes
₹17 - Corporate Tax
₹9 - Non-Tax Receipts
₹5 - Union Excise Duties
₹4 - Cus
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Direct Tax collections for FY 2024-25 as of 17 September, 2024
Net Collections, YOY comparison
Corporate Tax : ₹4.53 lakh crore, up 10.5%
Personal Income Tax : ₹5.15 lakh crore, up 18.8%
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Other Taxes : ₹1,812 crore, up
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Mr Z
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What's a scam that's so normalized that we don't even realize it's a scam anymore?
Me- Taxes. Once you tax the income, why is there a tax again in the name of GST?
Whatever the shop / company earns they can give it as income tax.
This approach n
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Was it a Budget of expectations?
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The citizen chronicles
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💥 Countries which send majority of remittances to India. (GOI)
USA - 23.4%
UAE - 18%
UK - 6.8%
Singapore - 5.7%
Saudi Arabia - 5.1%