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Get latest articles and stories on Business at LatestLY. Ministry of Finance posted on X, "Benefits in Personal Income Tax! Vide Finance Act, 2023, Section 87A of the Income-tax Act, 1961 has been amended to allow rebate to tax resulting in no tax liability to persons having income up to Rs. 7 lakh. (1/5) #PromisesDelivered" Business News | Major Personal Income Tax Relief: Finance Act 2023 Amends Section 87a, No Tax Liability for Incomes Up to Rs 7 Lakh. ....
The head of the International Monetary Fund has warned that the rapid advance of artificial intelligence will affect nearly 40 percent of jobs around the world. IMF Managing Director Kristalina Georgieva pointed out the negative impact of the latest software technology on global labor market, based on a study, in a blog post. ....
According to a World Economic Forum report, over a quarter of all occupations will shift over the next five years as a result of AI and digitisation. However, India s corporate sector is confident in its ability to create and maintain jobs ....