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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% STT : ₹26,154 crore, up 96% Other Taxes : ₹1,812 crore, up

Financial knowledge Indian Tax slabs Income tax slabs categorize taxpayers based on their annual income, determining the applicable tax rates. Here's a breakdown: 1. Nil Tax: Annual income up to ₹2.5 lakh for individuals below 60 years. 2. 5% Tax: I

51 lakh Indians filed Income Tax returns this year, an increase of 7.5% from the previous year.

Deepinder Goyal-led Zomato's revenue rose 74% year-on-year to Rs 4,206 crore in Q1FY25. Meanwhile, the company's net profit jumped to Rs 253 crore. During the same quarter last year, Zomato posted a net profit of Rs 2 crore and a revenue of Rs 2,

Was it a Budget of expectations? The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman introduced changes to the income tax regime, for salaried employees & those opting for the new tax regime. 1. Standard Deduction Increase: T

Stocks to Watch: Tech Mahindra, HDFC Bank, Kotak Bank, Jio Financial Tech Mahindra reported a significant rise in consolidated net profit, which more than doubled to ₹1,250 crore in the July-September quarter of FY2024-25. This jump was primarily dr

A Labourer Found A Real Diamond Worth Rs 1 Crore Becomes its Official Owner. Rs 42 lakh Tax Will Be Deducted From Rs 1 crore. I hope he manage finance properly. 🥺BUT 42 LAKH DEDUCTED AS TAX 😭

Ritesh Agarwal-led hospitality giant OYO recorded a net profit of Rs 158 crore and revenue of Rs 1,578 crore in Q2 FY25, PTI reported. This marks a significant turnaround, as the company had posted a net loss of Rs 50 crore during the same period la

ONE INTERESTING OBSERVATION SERIES DAY #4 Good news and bad news on the Indian tax collection front. Personal income tax is surging, with a near 20% increase over the past three months, suggesting that individual spending might be on the rise, ind

Income Tax season is here for Individuals. In case, you have invested in last year, do see my account for next couple of days for Income tax series. Will post from 29 June 2024.