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Corporate taxes (33.99%) Other taxes (2.83%) Excise taxes (20.84%) Customs duties (17.46%) Other taxes (8.68%) other taxes (11.96%) Income tax in India is governed by Entry 82 of the Union List of the Seventh Schedule to the Constitution of India, empowering the central government to tax non-agricultural income; agricultural income is defined ...
Income inequality in India refers to the unequal distribution of wealth and income among its citizens. According to the CIA World Factbook, the Gini coefficient of India, which is a measure of income distribution inequality, was 35.2 in 2011, ranking 95th out of 157. [ 2] Wealth distribution is also uneven, with one report estimating that 54% ...
e. This is a list of states and union territories of India ranked according to poverty as of 2022 (2021–22) as hosted by NITI Aayog 's Sustainable Development Goals dashboard; and Reserve Bank of India 's 'Handbook of Statistics on Indian Economy'. [ 1][ 2] The rank is calculated according to the percentage of people below poverty -line which ...
Net Profit of all 257 operating CPSEs during 2016-17 stood at ₹ 1,27,602 crore compared to ₹ 1,14,239 crore during 2015-16 showing growth of 11.70%, while Loss of loss incurring CPSEs minimized to ₹ 25,045 crore in 2016-17 compared to ₹ 30,759 crore in 2015-16 showing a decrease in loss by 18.58%.
The Public Provident Fund ( PPF) is a voluntary savings-cum-tax-reduction social security instrument in India, [ 1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...
The office of the chief minister of Jammu and Kashmir is vacant with no elections held since the former state was reorganized in 2019. Only one of the incumbents is a woman — Mamata Banerjee in West Bengal, who is serving since 20 March 2011 (for 13 years, 87 days), having the longest continuous incumbency. Kerala 's Pinarayi Vijayan (aged 79 ...
NSDP per capita of Indian states and union territories, 2018–19. This is a list of Indian states and union territories by NSDP per capita.Net state domestic product (NSDP) is the state counterpart to a country's Net domestic product (NDP), which equals the gross domestic product (GDP) minus depreciation on capital goods.
Enacted by. Parliament of India. Commenced. 1 April 1957. Status: Repealed. The Wealth Tax Act, 1957 was an Act of the Parliament of India that provides for the levying of wealth tax on an individual, Hindu Undivided Family or company. The wealth tax was levied on the net wealth owned by a person on a valuation date, i.e., 31 March of every year.