Articles for Calculation, search results for rs

Calculation: Will you pay more income tax or less after Budget 2024 changes?
5 months ago

Calculation: Will you pay more income tax or less after Budget 2024 changes?

Firstpost  

The government has introduced a simplified tax regime for the fiscal year 2024-25, aimed at streamlining the tax structure to make it more taxpayer friendly. As we move to higher income levels, for the range of Rs 1,500,000 to Rs 5,000,000, the tax rate is set at 30 per cent with an effective tax rate of 31.20 per cent. For …

Pay Income Rate Rates Regime Effective 30 Per Cent
Motor Accident Claims | Arrears Cannot Be Included In Calculation Of Salary For The Purpose Of Compensation: Bombay High Court
1 year ago

Motor Accident Claims | Arrears Cannot Be Included In Calculation Of Salary For The Purpose Of Compensation: Bombay High Court

Live Law  

The Bombay High Court recently held that arrears cannot be considered while calculating a person's salary for the purpose of compensation for a motor accident. Justice Shivkumar Dige, while upholding enhancement of compensation to the family of a deceased in an accident, deducted the amount of arrears mentioned in his salary slip while calculating monthly income. The court was dealing …

Salary Insurance High Court Compensation Alcohol Accident Tribunal
Online gaming in India likely to attract 28 per cent GST instead of 18, calculation method to be tweaked
2 years, 1 month ago

Online gaming in India likely to attract 28 per cent GST instead of 18, calculation method to be tweaked

Firstpost  

The Indian government has finally decided that online gaming essentially falls under the category of ‘demerit goods’ and hence should attract a 28 per cent GST. At present online gaming attracts 18 per cent GST, with the tax being levied only on gross gaming revenue, which is the fees charged by online gaming portals. Although the GoM deliberated on separate …

India Games Gaming Online Online Gaming Cent Gom
Interest Payable On Solatium Under Land Acquisition Act Is 9% For First Year & 15% For Subsequent Years: Karnataka High Court
2 years, 3 months ago

Interest Payable On Solatium Under Land Acquisition Act Is 9% For First Year & 15% For Subsequent Years: Karnataka High Court

Live Law  

The Karnataka High Court recently held that in cases of land acquisition where payment of compensation is pending, interest to be paid on compensation amount for the first year is to be at the rate of 9% per annum and subsequently, it is to be at the rate of 15%. While doing so, there is no reference made by the …

Land Acquisition Land Interest Payment Filed Kar Decision
Income Tax: Last Date to Pay First Advance Tax Today; Calculation, What Happens if You Miss
2 years, 6 months ago

Income Tax: Last Date to Pay First Advance Tax Today; Calculation, What Happens if You Miss

News 18  

Advance tax is the amount of income tax that should be paid in advance during the financial year instead of paying lump-sum amount at the end. According to Section 208 of Income Tax Act, a taxpayer needs to pay advance tax if his or her tax liability is Rs 10,000 or more in a financial year. Taxpayers are required to …

Financial Tax Income Tax Income Tax Act Pay Income Liability
Delhi realtors will now pay higher labour cess as govt revises calculation formula
2 years, 8 months ago

Delhi realtors will now pay higher labour cess as govt revises calculation formula

India TV News  

Highlights The cess calculation was earlier done as per construction cost in 2006 Now, the labour cess will be hiked as it is being calculated as per the latest construction cost The labour cess is collected by the government as one percent of cost of construction projects Real estate developers and construction agencies in Delhi will now have to pay …

Delhi Construction Labour Cost Cess Construction Cost Govt Revises
7th pay commission: DA for central government employees got doubled | Check calculation
2 years, 8 months ago

7th pay commission: DA for central government employees got doubled | Check calculation

India Today  

In a good news for more than 1 crore central government employees and pensioners, Dearness Allowance and Dearness Relief have been hiked by 3 per cent to 34 per cent to compensate for the price rise. "The Union Cabinet.has given its approval to release an additional instalment of DA to central government employees and DR to pensioners w.e.f. January 1, …

Central Cent Cabinet Central Government Employees Dearness Relief Dearness Allowance Dearness
Central Government Employees: Decision on DA Arrears Expected this Week
3 years, 6 months ago

Central Government Employees: Decision on DA Arrears Expected this Week

News 18  

A meeting regarding the pending dearness allowance arrears for central government employees is scheduled for June 26. The central government employees have not received their DA since January 2020. In the 7th Pay Commission, the minimum salary of a central government employee has been fixed at Rs 18,000 on this amount a DA of 15 per cent is expected. Meanwhile, …

Employees Central Government Employees Zee Business
Central Govt Employees: How Much Salary Hike You Will Get After DA Restoration
3 years, 6 months ago

Central Govt Employees: How Much Salary Hike You Will Get After DA Restoration

News 18  

Bringing in some good news for over 52 lakh central government employees, the government is likely to take the final decision about the pending dearness allowance after its meeting with representatives of the employees that is scheduled for June 26. Speaking about the calculation of the arrear DAs, Shiv Gopal Mishra, Secretary-Staff Side, National Council of JCM, said that the …

Employees Pay 2020 Arrear Central Govt Basic Pay Calculation Level