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Income tax in India is governed by Entry 82 of the Union List of the Seventh Schedule to the Constitution of India, empowering the central government to tax non-agricultural income; agricultural income is defined in Section 10(1) of the Income-tax Act, 1961. [2]
[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.
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
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Self-assessment is found a lot of the time to be associated with self-enhancement as the two motives seem to contradict each other with opposing aims; whereas the motive to self-assess sees it as important to ensure that the self-concept is accurate the motive to self-enhance sees it as important to boost the self-concept in order to protect it ...
Neelakanta Bhanu Prakash (born 13 October 1999) is a human calculator, YouTuber and entrepreneur from Hyderabad, India, and is titled as the "World's Fastest Human Calculator". [1] He won gold in the 2020 Mental Calculation World Championship at Mind Sports Olympiad 2020. He also holds 50 Limca records for his mathematical calculations. [2] [3] [4]
The 2024–25 Indian Super League is the 11th season of the Indian Super League (ISL) and the 29th season of top-tier Indian football. Mohun Bagan SG are the defending champions [ 2 ] and Mumbai City are the defending cup winners.
The 2025 census of India, or the 16th Indian census, is to be conducted in two phases, a house listing phase and a population enumeration phase.Although initially the house listing was to begin in April 2020 along with the updating of the National Population Register, and the population enumeration on 9 February 2021, [1] they have been continuously postponed.