Search results
Results from the Health.Zone Content Network
The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government of India. It functions under the Department of Revenue of the Ministry of Finance. [5] The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT).
The Government of Jharkhand also known as the State Government of Jharkhand, or locally as State Government, is the supreme governing authority of the Indian state of Jharkhand and its 24 districts. It consists of an executive, led by the Governor of Jharkhand, a judiciary and a legislative branch. Like other states of India, the head of state ...
At the time of formation, Jharkhand state had 18 districts. Later, six more districts were carved out by reorganizing these districts. The 23rd and 24th districts- Khunti and Ramgarh (carved out of erstwhile Ranchi and Hazaribagh District respectively) were made a district on 12 September 2007.
Direct tax in the form of an income tax was introduced by the British in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [5] The organizational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act, 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
Jharkhand state was created as 28th state of India by the Bihar Re-organization Act on 15 November 2000. State was created due to its underdevelopment and social justice. Jharkhand has 5 neighborhood states e.g. Bihar on the North, Orissa on the South, Chhattisgarh and Uttar Pradesh on the west West Bengal on the Ea
The New Tax Regime is a scheme of Income tax in India first proposed in Union Budget 2020–21. [1] Subsequent Budget of FY2021-22 did not see any major announcements in this regime. [2] During the Budget 2022–23, reports emerged that New Tax Regime was getting poor response [3] and Government is considering to make it more attractive among ...
You can defer taxes on a lump-sum pension payment by rolling it into a traditional IRA. This allows the funds to grow tax-deferred, and you only pay taxes when you withdraw money from the IRA ...
Corporate taxes (33.99%) Other taxes (2.83%) Excise taxes (20.84%) Customs duties (17.46%) Other taxes (8.68%) other taxes (11.96%) Income tax in India is governed by Entry 82 of the Union List of the Seventh Schedule to the Constitution of India, empowering the central government to tax non-agricultural income; agricultural income is defined ...