Income Tax

Budget 2018: Will Modi government reduce income tax rates this year?

This segment of Zee News brings to you information expectations on reduced income tax rates this year . Watch this video for more information.

Feb 01, 2018, 11:11 AM IST

Economic Survey 2017-18: 5 new facts on Indian economy

The Narendra Modi government on Monday tabled in Parliament, the Economic Survey 2018, which has pegged 2018-19 GDP growth at 7-7.5 per cent. The Economic Survey further raised concerns on high oil prices.

Jan 29, 2018, 13:37 PM IST

Arun Jaitley hints at further rationalisation of tax rates, says GST structure has stabilised

GST is an indirect tax which was introduced in India on July 1, 2017.

Jan 27, 2018, 18:19 PM IST

You may face these penalties if you don't pay tax on time

Collection from income tax stood at Rs 1.88 lakh crore in 2015-16, lower from Rs 1.91 lakh crore in the previous year.

Dec 30, 2017, 11:06 AM IST

No IT exemption to cooperative banks: Govt tells Lok Sabha

Income tax is a tax on profits and there is no rationale for exempting profit-making cooperative banks from payment of income tax, government said.

Dec 29, 2017, 13:09 PM IST

Are you lliable to pay any income tax? Know your IT slab category

If you are confused as to how much income tax you need to pay from your earnings, here's a list of details that you should remember.

Dec 28, 2017, 09:50 AM IST

Just over 2 crore Indians paid income tax in 2015-16: Official data

Only 1.7 percent of the total population paid income tax in the assessment year (AY) 2015-16.

Dec 25, 2017, 21:24 PM IST

Number of 'crorepatis' in assessment year 2015-16 grew 23.5%

In the assessment year (AY) 2014-15, the 'crorepati' individuals or those with gross income of over Rs 1 crore (Rs 10 million) were 48,417 with a cumulative income of Rs 2.05 lakh crore.

Dec 20, 2017, 16:20 PM IST

Filing income tax on mutual fund investments? Note these 10 things

With the financial year coming to a close in a few short months, many might rush to hand in their investments.

Dec 09, 2017, 17:16 PM IST

Decoding the direct tax law –Several lessons learnt from GST

In an interview to Zee Media Digital, Chetan Chandak, Head of Tax research, H&R Block India shares his view on Direct Taxes, its impact and implications of overhauling it.

Dec 05, 2017, 14:05 PM IST

Income Tax unearths doctor-medical centre nexus in Bengaluru; Rs 100 cr black money detected

IT sleuths seized about Rs 1.4 crore in cash and about 3.5 kg of jewellery and bullion during its three-day action against two in-vitro fertilisation (IVF) centres and five diagnostic centres.

Dec 02, 2017, 21:45 PM IST

Income Tax department raids Sasikala, relatives' properties in Poes Garden

The Income Tax officials on Friday conducted raids at Poes Garden, the residence of late Tamil Nadu chief minister J Jayalalithaa and properties of VK Sasikala’s relatives in Chennai.

Nov 17, 2017, 23:06 PM IST

I-T dept seizes Rs 11 crore from entities in NSE co-location case

In the NSE co-location case, certain brokers, including Gupta's OPG Securities, operating on its trading platform allegedly got preferential access to servers of the exchange.

Nov 17, 2017, 18:20 PM IST

Madras HC relief for P Chidambaram, family; quashes IT order against them

In a relief to P Chidambaram, the Madras High Court quashed an order of the Income Tax department seeking payment of tax by the former finance minister and his family on income from a coffee estate owned by them for 2008-09 financial year after re-assessing it.

Nov 14, 2017, 18:06 PM IST

I-T returns don't suggest actual income of person, says Sessions Court

The couple was married in 1993 and was allegedly forced to leave her matrimonial house in April 2010. Katy had filed a criminal case against Nowzer under the Protection of Women from Domestic Violence Act.

Nov 13, 2017, 08:23 AM IST

Income tax searches in premises linked to Sasikala continues for 2nd day

Some documents and cash have also been seized during the searches, an official told PTI.

Nov 11, 2017, 00:31 AM IST

I-T dept conducts raids at premises of Sasikala's kin for second day; cash, documents seized

For the second consecutive day on Friday Income Tax (IT) officials continued their massive raids at the premises of close relatives of jailed AIADMK leader V.K. Sasikala, their business associates and organisations connected to them, a senior IT official said.

Nov 10, 2017, 11:04 AM IST

Income Tax raids at Jaya TV office, AIADMK leader TTV Dhinakaran's house and other associates of Sasikala

The offices of Jaya TV and Namadhu MGR, and the residence of AIADMK leader TTV Dhinakaran in Chennai have been raided by officials of the Income Tax Department in the early hours of Thursday. 

Nov 09, 2017, 08:00 AM IST

Direct tax collections jump 16% to Rs 3.86 lakh crore till September

A Central Board of Direct Taxes (CBDT) statement here said the collections for the period April-September amount to 39.4 per cent of the total budget estimates of direct taxes for the current financial year.

Oct 11, 2017, 18:03 PM IST

Hyderabad, Pune and Chennai top targets for Income Tax Department tax base growth

The Income Tax Department has been tasked to add 1.25 crore new return filers in the current financial year as part of the government's plan to widen the tax base in the country.

Sep 28, 2017, 17:40 PM IST