A Brief History of Income-tax in India : a Studydoi:10.32628/IJSRST2072101Raj Kumar
The first income tax rate in newly independent India was as high as 97.75% with 11 tax slabs. Reducing this sky-high tax rate was a major challenge for the country. Over time, India witnessed a significant decline in tax rates, from 97.75% with 11 slabs to 30% with just three slabs. ...
The Economic History of India印度经济历史.pdf,The Economic/ History of India In the Victorian Age FROM T H E ACCESSION OF QLEEN IICTORIA IN 1837 TO THE COMMENCEMENT OF THE TWENTIETH C E N T U R Y ROMESM DUTT, C.T.E. VOLUME I l PREFACE FIIst ~~ublrshedrn
A recent literature has constructed top income shares time series over the long run for more than twenty countries using income tax statistics. Top incomes represent a small share of the population but a very significant share of total income and total taxes paid. Hence, aggregate economic growth...
India: The first and second BJP governments The BJP advocatedHindutva(“Hindu-ness”), anideologythat sought to define Indian culture in terms of Hindu values, and it was highly critical of thesecularpolicies and practices of theIndian National Congress(Congress Party). The BJP began to have ...
Professor of Modern History, University of Kent at Canterbury, England. Author ofTrade and Conflict in Angolaand others. David Birmingham•All Fact-checked by The Editors of Encyclopaedia Britannica Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether...
In the end, in 1803, Delhi itself was occupied by the British army and the proud of Mughal Emperor was reduced to the status of a mere pensioner of a foreign power. The decline of Mughal Empire reveals some of the defects and weaknesses of India's medieval social, economic, and ...
However, mismanagement, corruption and fierce competition from the English East India Company resulted in the slow demise of the VOC towards the end of the 18th century. In 1796 the VOC went bankrupt and was nationalized by the Dutch state. As a consequence its possessions in the archipelago pa...
History of Universal Basic Income (UBI) In a strict sense, the intellectual history of UBI is roughly half a century old. But the idea that the government should somehow prop up everyone's earnings has cropped up repeatedly over the past two centuries as a: ...
government found itself in need of money to fight a war and began charging income tax in 1913. How Does a Barter System Work? The barter system predates money and currencies but it's still used in modern times. It's the exchange of goods and/or services between two parties. Goods and/...