Shah Rukh Khan, Big B, or Salman: Who Tops the List of India’s Biggest Celebrity Taxpayers in 2024?

29 Nov 2024

India's celebrity scene is currently booming, with stars earning enormous amounts through their careers, endorsements, and social media. But when it comes to taxes, one name stands out as the biggest taxpayer of 2024. Any guesses? Here's a clue: his fans call him the King. No, it’s not Virat Kohli....

Major Financial Rule Changes From October 1: What You Need To Know

30 Sep 2024

A host of financial regulations and reforms are set to take effect from October 1, 2024, impacting various sectors, including small savings, health insurance, mutual funds, credit cards, and tax policies. These updates aim to improve transparency, ease the tax burden, and streamline procedures. Here’s a detailed breakdown of the...

Kamala Harris’s Economic Proposal: New Affordable Homes and Tax Cuts for 100 Million Americans

17 Aug 2024

Vice President and Democratic presidential candidate Kamala Harris recently presented her economic campaign proposal in North Carolina. She described her plan as creating an "opportunity economy" centered on benefiting the middle class. In Raleigh, Harris emphasized that salaries should support a good quality of life for families, ensuring that no...

IMF Asks Pakistan to ‘Impose’ Tax on Monthly Pensions

20 May 2024

The International Monetary Fund (IMF) mission has reportedly urged Pakistani authorities to implement a tax on monthly pensions exceeding Rs 100,000, as per ARY News sources. Additionally, the IMF is pressing for pension reforms as part of the "new bailout program," with policy discussions set to commence soon as negotiations...

This Is Why Inheritance Tax is not a Practical Solution for India’s inequality in Wealth Distribution

25 Apr 2024

Inheritance tax, also known as estate tax, has been proposed as a tool to tackle wealth inequality in India. However, implementing such a tax may not be practical due to several challenges and potential negative consequences. Here are some reasons why inheritance tax may not be the most effective approach...

Wealth Redistribution Row: Sam Pitroda Clarifies Position on Inheritance Tax

24 Apr 2024

Sam Pitroda, Chairman of Indian Overseas Congress, recently discussed the rationale behind wealth redistribution in a country, citing the example of the US inheritance tax. He emphasized that such policies are not solely in the interest of the super-rich but also benefit the public. Pitroda highlighted the difference between the...

Rishi Sunak paid effective tax rate of 23% on £2.2m income last year

10 Feb 2024

Rishi Sunak's tax summary for 2023 reveals he paid over £500,000 in taxes after realizing a £1.8 million profit from his investment in a US fund. The report, released by the prime minister, discloses a tax bill of £508,308 for the financial year 2022-23 on total earnings and gains of...

Avoid Penalties: Income Tax Warning – Dec 31 Last Date for ITR!

29 Dec 2023

The Income Tax Department has issued a warning to taxpayers who missed the July 31 deadline to file their Income Tax Return (ITR) for the financial year 2022-23. Through a post on social media platform X, the department emphasized that these taxpayers must file the belated/revised ITR by December 31,...

Tax devolution of more than Rs 1.40 lakh crore to states

11 Mar 2023

The government on Friday released the 14 installment of tax devolution of more than Rs 1.40 lakh crore to states. Uttar Pradesh received the highest installment of Rs 24,783 crore among all states. As per data by the Controller General of Accounts, the Center has devolved Rs 6.68 lakh crore...

UDF MLAs protest against Kerala government over fuel tax

09 Feb 2023

The opposition Congress-led UDF MLAs on Thursday in Kerala protested against the government at the state Legislative Assembly for not withdrawing the fuel and alcohol taxes that were included in the budget. V D Satheesan, the leader of the opposition in the state assembly, organised a march of UDF legislators...

tax

Shah Rukh Khan, Big B, or Salman: Who Tops the List of India’s Biggest Celebrity Taxpayers in 2024?

Major Financial Rule Changes From October 1: What You Need To Know

Kamala Harris’s Economic Proposal: New Affordable Homes and Tax Cuts for 100 Million Americans

IMF Asks Pakistan to ‘Impose’ Tax on Monthly Pensions

This Is Why Inheritance Tax is not a Practical Solution for India’s inequality in Wealth Distribution

Wealth Redistribution Row: Sam Pitroda Clarifies Position on Inheritance Tax

Rishi Sunak paid effective tax rate of 23% on £2.2m income last year

Avoid Penalties: Income Tax Warning – Dec 31 Last Date for ITR!

Tax devolution of more than Rs 1.40 lakh crore to states

UDF MLAs protest against Kerala government over fuel tax

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