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Raising the rebate limit to Rs 7 lakh is expected to incentivise people to shift to the new tax regime and reduce their tax burden.
The Union Budget for 2023-24 (April 2023 to March 2024) is the first normal budget after the COVID-19 shock and amid global geopolitical developments.
The last few years have been challenging for many individuals and households, with many facing job losses, reduced income, and increased expenses.
A group of students from CMS College in Kottayam speaks to Onmanorama all about hair, their favourite trends and the 'strange' views that they have heard about it.
At present, land tax is based on the categories of corporation, municipality and panchayat. The highest rate of tax is in corporations, the rate below it in municipalities and the lowest rate in panchayats.
A final decision would be taken by the Prime Minister's Office, both the sources, who did not want to be named because the talks are private, said.
The pact is expected to come into force from January 2023. The agreement, which was signed on April 2, would provide duty-free access to Indian exporters of over 6,000 broad sectors.
Bus operators claim that fares have been increased as they are now subjected to double taxation and because operational costs have gone up.
Tourist vehicle owners had accused the state of collecting additional tax, over the all-India permit fee, as a move to subvert the All-India Tourist Permit system introduced to facilitate interstate travel.
When former finance minister TM Thomas Isaac put the combined revenue from liquor and lottery at 13% of state's revenue receipts, he included central transfers too.