Annual Income News

Politics

Only 14 lakh individuals fell in 30% tax bracket in 2012-13

The data showed there were 2,669 taxpayers with an income exceeding Rs5 crore, accounting for 9.6% of taxes collected

1 min read18 Aug 2016
Politics

Denying LPG subsidy to the well-off hits a roadblock

The income-tax department is refusing to share confidential information relating to taxpayers with fuel retailers

2 min read19 Feb 2016
Politics

Akhilesh’s UP govt woos voters ahead of Lok Sabha elections

UP govt raised annual income limit for creamy layer to Rs8 lakh, announced a new pension scheme and regularized 1.70 lakh ad-hoc teachers

2 min read28 Jan 2014
Opinion

A term insurance cover should be 10 time annual income

It broadly provides financial security to a family for 10 years if the main wage earner dies prematurely

2 min read23 Oct 2012
Opinion

Did you know

Did you know

1 min read31 Jan 2011
Companies

Demand for affordable housing pegged at 2 million by 2011

Demand for affordable housing pegged at 2 million by 2011

2 min read12 Aug 2009
Companies

Not farming alone: the new contours of rural affluence

Not farming alone: the new contours of rural affluence

2 min read17 Mar 2009

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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