tax payers

Individual taxpayers can expect a tax savings between Rs 50,000 to Rs 80,000, in the upcoming Budget. Last week, we informed you of there being an expectation of increase in the current Income Tax exemption limit under Section 80C of…

You will be charged higher income tax, as a penalty of either not adding unexplained cash/valuable(s) in your tax filings or if you are unable to explain the source and reason of such an entry to the IT officers. We have covered a…

Do you know how many Indians pay Taxes and how much? You would be surprised with some of the numbers. According to the report released by Indian Finance Ministry,  estimated number of taxpayers for financial year 2011-12 stands at just…

The income levels of Indians have increased phenomenally over last few years and so is the standard of living. The economy is on the rise and India is coming out from being called a third world country to a developing country.

The report also compares business regulations in South Asia with 175 economies around the world. India, the region’s top reformer, implemented reforms to simplify business registration, cross-border trade, and payment of taxes, as well as…