Tax sops to individuals cost Rs 8.7 lakh crore in 5 years

(0)
News

Tax breaks for individuals and Hindu Undivided Families (HUF) were nearly twice the incentives the Centre has given to corporates over the past five years to 2024, Lok Sabha data showed.

Leave a Reply Cancel reply

Worried about your financial health? 5 steps to build an emergency fund in 12 months
Many Indians remain vulnerable to financial difficulties such as medical emergencies and sudden layoffs. In such uncertain situations, an emergency fund can provide much-needed financial security and stability. Here’s how you can create a safety net in just 12 months.
How switching MFs to dividend option to book unrealised loss can reduce your tax bill
Are you one of the several investors sitting on losses this year? Are you bullish on the mutual fund that is performing poorly and do not want to stop investing in it? Here is what you can do
Can I avoid TCS by sending money to my own company?
Tax collected at source (TCS) is applicable on all remittances made under the Liberalised Remittance Scheme (LRS), as per the Income Tax Act, 1961.
Transforming innovators growth platform: India’s path to escaping the middle-income trap
The World Development Report 2024 indicates that India risks stagnation in productivity, hindering its transition to high-income status. The innovators growth platform aims to support tech firms but faces challenges, limiting its effectiveness compared to China and Hong Kong markets.
Credit card wars: Will ICICI unseat HDFC Infinia with Emeralde Private Metal?
ICICI Bank’s iShop platform is offering premium cardholders accelerated rewards. But without a strong transfer partner ecosystem, can it really shake up the premium card hierarchy?
Navigating GST registration hurdles: What freelancers and small businesses should know
Freelancers and small business owners may find GST registration more complex than anticipated. Requests for additional documents could complicate matters. Here's how you can navigate the GST maze and avoid costly delays.
Does delaying your property sale to April give you more time for tax payment?
Sold a property but receiving payments in instalments? Know when your capital gains tax is due and how sale timing impacts your advance tax liability.
The wealth trap: Why more money doesn’t always mean more happiness
The relentless pursuit of money can lead to a life spent accumulating rather than living. Real success lies in striking a balance—using wealth to create happiness, not just more wealth.
Is pre-closing your personal loan a smart move? Pros and cons explained
Pre-closing a personal loan can save interest and improve credit scores, but it may involve pre-closure charges, liquidity issues, and opportunity costs. New RBI guidelines on floating-rate loan prepayment charges may offer relief going ahead.
How you can get a loan against an insurance policy
Policyholders can get loans worth 80-90% of the policy’s surrender value.

Tax sops to individuals cost Rs 8.7 lakh crore in 5 years

Leave a Comment

Leave a Reply Cancel reply