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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

**Tax Revenue Hits Record Highs** 📈 The government’s net direct tax collection, post-refunds, surged 15.4% to ₹12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching ₹15.02 lakh crore. 💰

New Property Taxation Scenarios: 1) Modest Gains, High Burden 2004 Buy Price: ₹50 lakh 2024 Sell Price: ₹1.6 crore Old Taxation: ₹7,339 New Taxation: ₹13.75 lakh Your tax liability jumps from ₹7,339 to ₹13.75 lakh!!! 2) Moderate Gains, Heavier Lo

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 😭

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

How do startup save taxes? I've heard the have tax benefits..

The Central Board of Direct Taxes (CBDT) has specified that no tax deduction at source (TDS) under Section 194Q of the Income Tax Act, 1961, will be required for purchases made from units of International Financial Services Centres (IFSC), provided b

Budget 2025 expectations: Income tax relief buzz Speaking on the expected rationalisation of the income tax slab, Pankaj Mathpal, MD & CEO at Optima Money Managers, listed out the possible income tax slab for the new income tax regime, which may bri

Mutual Funds: A Closer Look at the Real Returns Many people say that mutual funds are a great investment, but have we truly calculated the real returns, considering all factors like inflation and taxes? Let me break it down with a simple example.

GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr