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Strictly, the term Non-resident Indian refers only to the tax status of an Indian citizen who, as per section 6 of The Income-tax Act, 1961, has not resided in India for a specified period for the purposes of the Income Tax Act. [29] The rates of income tax are different for persons who are "resident in India" and for NRIs.
The Telugu Diaspora refers to Telugu people who live outside their homeland of Indian states of Andhra Pradesh and Telangana. [17] They are predominantly found in North America , Europe , Australia , Caribbean , Gulf , Africa and other regions around the world.
Scheduled Castes (SCs) are officially designated groups of people and among the most disadvantaged socio-economic groups. [7] [8] Scheduled Castes are given reservation status guaranteeing political representation, preference in promotion, quota in universities, free and stipended education, scholarships, banking services, various government schemes.
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income.
The rise in the Telugu American population is attributed to the increasing representation of South Indian diaspora in the technological field, especially following the Y2K incident. [3] In fact, the Brookings Institution Report revealed that the Telugu states sent over 26,000 students between 2008 and 2012, with most pursuing degrees in STEM ...
The Income Tax Act, 1961 is the charging statute of income tax in India. It provides for the levy, administration, collection, and recovery of income tax. The Government of India brought a draft statute called the Direct Taxes Code intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957. The bill, however, was later scrapped. [1]
Either a progressive or proportional income tax is levied by the Confederation and by the cantons on the income of natural persons. The income tax is imposed as a payroll tax on foreign workers without a residence permit, [11] and in the form of a withholding tax on certain transient persons, such as foreign musicians performing in Switzerland.
Today the city of Hyderabad, India covers an area of 625 square kilometres (241 sq mi), [2] has a population of 6,809,970 making it the fourth most populous city in India. [3] There are 3,500,802 male and 3,309,168 female citizens.