TAX burden on the middle class has come down noticeably over the last 10 years, a government source said on Wednesday.
He said that after the income tax exemption limit was raised from ₹2 lakh to ₹7 lakh, there has been a marked increase in the number of individuals filing zero income tax returns, a source told TNIE.
Since the introduction of the new exemption limit in 2024, there has been a notable decline in the percentage of income tax collection from taxpayers earning less than ₹10 lakh.
"The contribution of this group has decreased from 10.17% of the total tax paid in 2014 to just 6.22% in 2024," the source said.
Diese Geschichte stammt aus der November 14, 2024-Ausgabe von The Morning Standard.
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Diese Geschichte stammt aus der November 14, 2024-Ausgabe von The Morning Standard.
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A Forest of Enchantment
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ATS flags B'deshi terrorists entering J'khand for training
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High Feb temp likely to hamper wheat yields
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Anti-ragging cells in every Kerala school soon: Edu dept
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Shami works on lengths with Morkel
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Basilico finishes on top
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Countering Modern Critiques of Classics
My thoughts have been very much with our epics this week and I would like to share my understanding of a few epic incidents that I feel have been wrongly critiqued in modern India.
