Search results
Results From The WOW.Com Content Network
The 2016 Union budget of India is the annual financial statement of India for the fiscal year 2016–2017. It was presented before the parliament on 29 February 2016 by the Finance Minister of India, Arun Jaitley. [1] The printing of the budget documents began with a traditional Halwa ceremony on 19 February 2016. [2]
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 ...
Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee (and the tax to the revenue authority). Under the Indian Income Tax Act of 1961, income tax must be deducted at ...
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 Status: Repealed.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.
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%, [14] 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%. [15]
On 19 November 2015, the 7th Central Pay Commission recommended 23.55% hike in pay and allowances which will be implemented from 1 January 2016. The full report is available on the website of Ministry of Finance, Government of India [17] The Union Cabinet approves 7th Pay panel recommendations on 29 June 2016.
July 10, 2024 at 11:22 AM. ASHTABULA, Ohio (AP) — The Coast Guard came to the rescue of five people who were clinging to a cooler in Lake Erie after their boat was swamped by a wave far off the ...
The 2016 Railway Budget of India refers to the Railway Budget of the Indian Railways in the fiscal year 2016–17. The budget was presented by the Railway Minister Suresh Prabhu in the Parliament of India on 25 February 2016. [1] It was the final Railway Budget of India as after this budget, the Railway Budget got merged with the Union budget ...