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Government incentives to the international outsourcing community include 100% equity ownership, 100% repatriation of capital and dividends, and income tax credit for IT export till June 2025. Pakistan has a large talent pool of English-speaking, cost-competitive and skilled workforce, a large number of internationally-certified companies and a ...
The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government of the Republic of India. It functions under the Department of Revenue of the Ministry of Finance. [5] The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT
Income tax is generally collected in one of two ways: through withholding of tax at source and/or through payments directly by taxpayers. Nearly all jurisdictions require those paying employees or nonresidents to withhold income tax from such payments. The amount to be withheld is a fixed percentage where the tax itself is at a fixed rate.
Position / Pay Grade in the Government of India Level and Rank Order of Precedence (As per Presidential order) Equivalent Position or Designation in the State Government(s) 1 25500(6th pay Grade Pay-2400) in Pay Band-I Tax Assistant / Entry-level Assistant Sub Inspector of Police 2 Basic 35400 (6th pay Grade Pay-4200) in Pay Band-II
The position is considered to be a powerful one as of Personnel, Public Grievances and Pensions is the cadre controlling authority of the Indian Administrative Service, [4] Central Secretariat Service and is the administering agency of the Central Bureau of Investigation (CBI) and the Public Enterprises Selection Board (PESB). [2] [3]
The following are ranks of the officers working in the Income Tax Department of Ministry of Finance (India).Officers are appointed from two different recruiting agencies. Gazetted officers are appointed from Indian Revenue Service (Income Tax) of Union Public Service Commission while non-gazetted officers are recruited by Staff Selection Commissio
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] 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.
As the Minister of Personnel, Public Grievances and Pensions, the prime minister exercises control over the Indian Administrative Service (IAS), [1] the country's premier civil service, [2] [3] which staffs most of the senior civil service positions; [2] [3] the Public Enterprises Selection Board (PESB); [4] [5] and the Central Bureau of Investigation (CBI), [4] [5] except for the selection of ...