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The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities. In 1924, the Central Board of Revenue Act constituted a Central Board of Revenue – the statutory body with functional responsibilities ...
Digital India was launched by the Prime Minister of India Narendra Modi on 1 July 2015, with an objective of connecting rural areas with high-speed Internet networks and improving digital literacy. [5] [6] [7] The Digital India program aimed to promote inclusive growth in the areas of electronic services, products, manufacturing and job ...
The transformation of Ireland's tax policy started with the creation of a 10% low-tax "special economic zone", called the International Financial Services Centre (or "IFSC"), in 1987. [133] In 1999, the entire country was effectively "turned into an IFSC" with the reduction of Irish corporation tax from 32% to 12.5%.
Income tax is also levied by most U.S. states and many localities on individuals, corporations, estates, and trusts. These taxes are in addition to federal income tax and are deductible for federal tax purposes. State and local income tax rates vary from zero to 16% of taxable income. [64]
[b] In India on the other hand there is a slab rate system, where for income below INR 2.5 lakhs per annum the tax is zero percent, for those with their income in the slab rate of INR 2,50,001 to INR 5,00,000 the tax rate is 5%. In this way the rate goes up with each slab, reaching to 30% tax rate for those with income above INR 15,00,000.
In an August 2024 interview on Face The Nation, Vance said he supported increasing the child tax credit from $2,000 per child up to $5,000 per child, departing from his Senate Republican colleagues, who had blocked an expanded child tax credit in the Senate two weeks earlier.
India, China and the Philippines are major powerhouses in the industry. In 2017, in India, the BPO industry generated US$30 billion in revenue according to the national industry association. [204] The BPO industry is a small segment of the total outsourcing industry in India. The BPO industry workforce in India is expected to shrink by 14% in 2021.
If you click edit on any existing page or page section and then change the title of the page shown in the URL of your browser's address bar to the name of a non-existent page, and then hit return/enter, the resulting page shown will be the same as if you clicked on a red link, allowing you to create a page by the title entered. For example ...