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TAXPAYERS NEWS
MS Dhoni emerges as highest individual taxpayer across Bihar-Jharkhand as total collection touches Rs 20,000 crore
May 08, 2026 5:27 pm
The information was shared on Thursday by Principal Chief Commissioner of Income Tax (Bihar-Jharkhand), Dr D Sudhakara Rao, during a media interaction in Ranchi.
Individual taxpayers claimed higher tax benefits on political donations than corporate entities
February 16, 2025 10:10 am
The revenue impact of deductions claimed by individual taxpayers was higher compared to corporate taxpayers.
'Waste of taxpayer dollars': Donald Trump orders to pause all federal grants, loans
January 29, 2025 7:47 am
With nearly $3 trillion allocated annually to financial aid, the freeze marks a significant shift in federal policy, prompting both legal and political challenges.
Top 10 highest tax-paying companies in India
September 11, 2024 11:38 am
India's highest tax paying companies in FY 2023: Approximately 20 entities in the Nifty 50 index exceeded their EBITDA estimates for the year, according to Bloomberg data.
Top 10 highest tax-paying Indian celebrities in FY 2024: Shah Rukh Khan leads, Virat Kohli emerges as the top athlete
September 09, 2024 10:37 am
Highest tax paying Indian celebrities 2024: In a notable miss, Indian actor Akshay Kumar, awarded the "Samman Patra" by the Income Tax Department in 2022 for being the highest taxpayer, is absent from this year's list.
Use of tech, AI aiding direct tax compliance, says CBDT Chairman
February 06, 2024 8:28 am
CBDT Chairman Nitin Gupta believes that the use of technology, including artificial intelligence has helped in improving tax compliance.
48.4 lakh individual taxpayers in top-most 30% slab in India
March 15, 2023 1:24 pm
Total number of taxpayers had recorded a loss of 23.25 lakh in the financial year 2019-20, declining to 6.71 crore from 6.94 crore in the previous financial year 2018-19, government data showed.
Nudge towards an exemption-free tax regime, breaks for the super-rich too
February 02, 2023 9:54 am
“Each salaried person with an income of 15.5 lakh or more will thus stand to benefit by Rs 52,500,” Union Finance Minister Nirmala Sitharaman said while announcing the change in the new tax regime.
Explained: What lowering of e-invoicing turnover threshold under GST to 10 crore from Oct 1 seeks to achieve
August 04, 2022 12:12 pm
The turnover threshold for e-invoicing has been halved to Rs 10 crore effective October 1 this year under the Goods and Services Tax (GST) regime. What does this signify?
Income tax slabs 2022: No changes in Income Tax, govt employees’ tax deduction limit increased to 14%
February 01, 2022 5:07 pm
Nirmala Sitharaman also proposed a reduction in corporate surcharge and said that the transfer of any virtual digital asset shall be taxed at the rate of 30%.
TAXPAYERS VIDEOS
Tax proposals to provide relief to taxpayers: Arun Jaitley (Part 3)
February 29, 2016 4:47 pm
New Delhi, Feb 29 (ANI): Finance Minister Arun Jaitley said that tax proposals will provide relief to small taxpayers through rebates. People who do not have any house of their own and don't get any house rent allowance from their employer will get a reduction of Rs.24000 per annum. There would be an increase in limit of deduction in respect of rent paid from Rs 24000 pa to Rs 60000 pa. Jaitley also said that service tax would be exempted for general insurance schemes under Niramayi Swasthya Bima Yojna. He said that to lessen burden on individuals with income not exceeding Rs. 5 lakh, a proposed ceiling of tax rebate under sec 87A from Rs 2000 to Rs 5000 has been announced. The minister also said that a limited tax compliance window from Jun 1 - Sep 30 will be given for declaring undisclosed income at 45% inclusive of surcharge and penalties. He further added that excise duty on tobacco products would be raised by 10-15%. He also proposed to abolish 13 different taxes levied by various Ministries in which revenue collection is less than Rs 50 crores per year. Arun Jaitley even said that relief would be provided to differently-abled people on braille paper by exempting the duty levied on it. He also said that there would be no change in Income Tax slab.
Tax proposals to provide relief to taxpayers: Arun Jaitley (Part 1)
February 29, 2016 4:45 pm
New Delhi, Feb 29 (ANI): Finance Minister Arun Jaitley said that tax proposals will provide relief to small taxpayers through rebates. People who do not have any house of their own and don't get any house rent allowance from their employer will get a reduction of Rs.24000 per annum. There would be an increase in limit of deduction in respect of rent paid from Rs 24000 pa to Rs 60000 pa. Jaitley also said that service tax would be exempted for general insurance schemes under Niramayi Swasthya Bima Yojna. He said that to lessen burden on individuals with income not exceeding Rs. 5 lakh, a proposed ceiling of tax rebate under sec 87A from Rs 2000 to Rs 5000 has been announced. The minister also said that a limited tax compliance window from Jun 1 - Sep 30 will be given for declaring undisclosed income at 45% inclusive of surcharge and penalties. He further added that excise duty on tobacco products would be raised by 10-15%. He also proposed to abolish 13 different taxes levied by various Ministries in which revenue collection is less than Rs 50 crores per year. Arun Jaitley even said that relief would be provided to differently-abled people on braille paper by exempting the duty levied on it. He also said that there would be no change in Income Tax slab.
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