Category : Search result: income gap


Taxpayers Seek Clarity on Old Tax Regime's Future

Millions of Indian taxpayers await government clarity on the continuation of the old income tax regime beyond March 2025. Experts urge proactive communication to aid financial planning. Read more for details.

Tax Experts Warn Against Higher Surcharge in Budget

Tax experts caution government against raising income tax surcharge or reintroducing wealth tax in Budget 2026-27, warning of capital flight and impact on investment. Read the full analysis.

New Income Tax Act 2025: Single 'Tax Year' From April 1

The new Simplified Income Tax Act, 2025, comes into force on April 1, 2026, replacing the old assessment year system with a single 'tax year'. Learn how this major tax reform simplifies compliance for Indian taxpayers.

Bengaluru Man Shares 4-Day Rapido Gig Earnings Breakdown

A Bengaluru man's detailed Reddit post reveals he earned Rs 2,220 in 4 days as a part-time Rapido captain. His breakdown of hours, fuel costs, and night incentives offers a rare, transparent look at gig work income in India. Read his full story.

Telangana's Economy Nears Middle-Income Country Status

Telangana's per capita income is set to hit $5,000, surpassing nations like Pakistan and Nepal. Driven by GCCs and steady growth, the state's economy is reshaping its global standing. Explore the full analysis.

IT Refunds on Hold: Tax Dept Flags Mismatches in ITR Filing

Many taxpayers report receiving emails/SMS from the Income Tax Department stating their refunds are on hold due to discrepancies. The deadline to file a revised ITR for AY 2025-26 is December 31, 2024. Get clarity on the issue.

Disclose Foreign Assets in Revised ITR by Dec 31

Indian taxpayers can still disclose foreign income & assets by filing a revised ITR before December 31. Learn about Schedule FA, FSI, and how to avoid heavy penalties under the Black Money Act.

India's Inequality at 200-Year Peak: Shocking Data

India's top 1% now earns 150 times the income of the bottom half, with wealth inequality reaching a staggering 622x gap. Explore the alarming data and its implications for the nation's future.

Mike Tyson's Wife Lakiha Spicer: Their Love Story & Age Gap

Explore the enduring love story of boxing legend Mike Tyson and his wife, Lakiha Spicer. Discover how she helped him overcome addiction and legal troubles, and details of their 11-year age gap. Read their full journey here.

11 New Medical Colleges Get PPP Nod Across 3 States

India approves 11 new medical colleges via PPP model in Jharkhand, Arunachal Pradesh & UP. Viability Gap Funding up to 40% aims to fast-track medical education in underserved districts. Read more.

ITAT Restores NRI Appeal After 621-Day Email Error

Ahmedabad ITAT restores an NRI's tax appeal despite a 621-day delay, citing notices sent to a wrong email address. The ruling highlights the need for accuracy in the faceless appeals process. Read more.

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