No recent official data estimates the country’s unorganised workers, which were according to the last NSSO Employment and Unemployment Survey, 2011-12 were estimated to be 82.7 per cent or 39.14 crore of the total 47.41 crore estimated employed persons.
A government notification said that the special excise duty on petrol was hiked by Rs 2 per litre to Rs 10 per litre and to Rs 4 per litre for diesel. Road cess on both petrol and diesel has also been increased by Re 1 per litre to Rs 10 per litre, the notification added.
The survey system is already in “deep trouble” and given the increasing instances of such attacks, conducting household surveys with the Census as the frame would be “very tough” going ahead, said Pronab Sen.
In an interview to The Indian Express, Somanathan — who earlier served in the Prime Minister’s Office for over two years and then was posted as Principal Secretary with the Tamil Nadu government — said the government didn’t want to do anything “imprudent”.
With heightened polarisation, it’s easy to cite Kashmiri Pandits, either to evoke hatred or to paint them with one brush of Hindutva. But, what have they done in these 30 years? Have they picked up guns? Have they incited violence?
New Income Tax slabs: In absolute terms, out of 5.78 crore tax filers, about 5.3 crore (91.7 per cent) claimed deductions of less than Rs 2 lakh, including those under section 80C, Section 80D, section 80CCD(1B) (additional deduction of NPS), deduction for housing loan interest and standard deduction in 2018-19.
Pandey said a progressive and graded income-tax system is internationally considered to be one of the best practices, and differs from the indirect tax system, where the aim is to lower the number of tax slabs to reduce complexities.
At present, Section 132 of the CGST Act treats supply of goods and services without issuance of any invoice, issuance of any invoice or bill without supply of goods or services, collection of tax but non-payment to government as non-bailable and cognizable offences.
The Union Budget for 2020-21 has proposed a combined cap of Rs 7.5 lakh for the employer’s contribution to these three categories of payouts, with the amount over and above this to be taxed in the hands of the employees.
For the next year, the government is relying heavily on non tax revenue – for example, target for disinvestment receipts is up more than three times at record Rs 2.1 lakh crore in 2020-21 – to bridge the revenue gap.