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Lok Sabha passes Finance Bill; Sitharaman rejects allegations of Karnataka receiving "less money" from Centre

Lok Sabha passes Finance Bill; Sitharaman rejects allegations of Karnataka receiving "less money" from Centre
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Government rakes in Rs 600 crore as penalties from taxpayers' delay in PAN-Aadhar link

The government has collected over Rs 600 crore as penalties from persons who failed to meet the deadline for linking their PAN with their Aadhaar card, the Parliament was told on Monday.

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Government rakes in INR 600 crore as penalties from taxpayers' delay in PAN-Aadhar link – Eastern Mirror

Government rakes in INR 600 crore as penalties from taxpayers' delay in PAN-Aadhar link – Eastern Mirror
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Over 2.16 lakh people earn above Rs 1 crore in Assessment Year 2023-24: Pankaj Chaudhary

India witnesses a remarkable rise in individuals earning over Rs 1 crore annually, reaching 2.16 lakh for the 2023-24 Assessment Year. Minister Pankaj Chaudhary unveils a positive trend in high-income earners, with significant growth since 2019. Additionally, there s an uptick in Profession income reporting. Finance Minister Sitharaman notes a 27.6% year-on-year increase in personal income tax collections, attributing it to tax reforms and enhanced compliance measures, painting a promising picture for India s economic trajectory.

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India News | People Earning over Rs 1 Crore Rises to 2.16 Lakh in AY 2023-24

Get latest articles and stories on India at LatestLY. The number of people earning above Rs 1 crore annually has risen to over 2.16 lakh as on December 31, 2023, for Assessment Year 2023-24, Parliament was informed on Tuesday. India News | People Earning over Rs 1 Crore Rises to 2.16 Lakh in AY 2023-24.

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