Feb 12, 2023 | 2 commentsFrom FY 2023-24, tax rates for the new tax regime are revised. The new Tax Regime was introduced in Union Budget 2020-21. So now there is old tax regime, new tax regime applicable till AY 2023-24 and Revised new Tax Regime applicable from AY 2024-25. Now...
Income tax rates as per tax slabs – FY 2023-24 The Union Budget 2023 revised the new tax regime to be the default regime, effective from April 1, 2023. The old tax regime is, however, still available for taxpayers to use and it retains the benefit of exemptions and deductions. Under ...
Step 2: Calculate the total tax benefits If you have made any tax-saving investments or are eligible for any exemptions, you need to compute the total benefits. You can cut your taxable earnings by investing in tax saving options such as Equity Linked Savings Scheme (ELSS), and Public Provi...
…The persistence of the illegal pot business in the face of state legalization reflects a variety of forces. …high taxes on legal sales fan the embers of illicit ones. “When you start seeing tax rates that are approaching 30 to 40 percent on products, it’s really going to be difficult...
Affected restaurants should follow guidance from the Tax Department to request this relief. Legislation Designates a Scheme to Defraud by Disposal of Solid Waste; Imposes Stiffer Penalties on Offenders Governor Andrew M. Cuomo today signed legislation (S6758-B/A10803a) to strengthen penalties against...
Reduce profits tax for the assessment year 2022/23 by 100%, subject to a $6,000 ceiling Provide rates concession for non-domestic properties for the first two quarters of 2023/24, subject to a ceiling of $1,000 per quarter Grant 50% rental fee concession to eligible tenants of government...
Microsoft backs tree-planting carbon removal scheme in Panama Virginia Furness – Reuters Microsoft Corp has struck a deal to buy 1.6 million carbon removal credits from what the developers say is one of...
Center of excellence: AI for education. While 3 centers for agriculture, health and sustainable cities has been announced in 2023, now a center for excellence for AI will be set up with an outlay of Rs 500 crores. Urban livelihoods: Scheme for socio-economic upliftment of urban workers. Enh...
The £79bn Universities Superannuation Scheme (USS), which has more than 500,000 members, has “materially” reduced its exposure to Israeli investments including government debt and Israeli currency in the past six months, said two people with knowledge of the matter. USS started selling down ...
broadband connectivity arguing that this is ‘predatory pricing’ and has resulted in a shortage of Public WiFi in the country. “The small entrepreneurs i.e., PDOs, who entered the PM WANI scheme, have incurred losses due to exorbitant rates of internet bandwidth to them,” the organisation...