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Personal Income Tax Rates | Indivdual Taxes on Income | Taxes on personal income

WHAT IS PERSONAL INCOME TAX RATE?
Personal Income Tax Rate
Personal income tax is a taxation system that the government imposes on income generated by individuals. By law, taxpayers must file an income tax return annually to determine their tax obligations. The revenues from here are an important source of income for the government of India.

This type of income tax is levied on an individual s wages, salaries, and other types of income such as pensions, interest, and dividends.
The benchmark India uses refers to the Top Marginal Tax Rate for individuals, including health and education cess on tax and surcharge. ....

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Budget 2021: Nirmala Sitharaman's 'Stress Test' and Macroeconomic Challenges Ahead

Budget 2021: Nirmala Sitharaman s Stress Test and Macroeconomic Challenges AheadÂ
Clarity and a plan relying on the actualisation (and not promise) of job-creation, along with higher wages for workers across sectors are the needs of the hour.
Union finance minister Nirmala Sitharaman. Photo: Twitter/@nsitharaman
Economy20/Jan/2021
With less than two weeks left for the Union Budget to be presented by finance minister Nirmala Sitharaman, the state of the Indian economy continues to be grim, even if a return to normalcy is around the corner.
Over the last year, the economy has battled three crises â a pandemic, an economic meltdown, and a deep erosion in social and public trust as articulated in a long-drawn-out protest by farmers against the new farm laws. ....

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