Wednesday, February 5

Tag: new tax regime

At Rs 3.79 trn, PSU capex hits 52% of budget target by September end
20Dec By adminNo Comments
Business

At Rs 3.79 trn, PSU capex hits 52% of budget target by September end

Capital expenditure by central public sector enterprises touched about 52 per cent of the Budget target at Rs 3.79 lakh crore in the first half of current fiscal, the finance ministry said on Wednesday. This is higher than the capex by CPSEs in the April-September period of last fiscal. In the first half of previous fiscal, the figure stood at Rs 2.85 lakh crore or 43 per cent of Budget estimates for 2022-23 fiscal. "Capital Expenditure #CAPEX targets by Central Public Sector Enterprises #CPSEs on track with 51.71% of target achieved till September 2023," the finance ministry said in a post on X. Against estimated expenditure of Rs 7.33 lakh crore for full 2023-24, Rs 3.79 lakh crore (approx.) achieved i.e. about 51.71 per cent as on 30th September, 2023, it sa...
Read More
ITR Trends: 15% Taxpayers Test Waters With New Tax Regime, 85% Opt Old With Deductions
8Aug By adminNo Comments
Business

ITR Trends: 15% Taxpayers Test Waters With New Tax Regime, 85% Opt Old With Deductions

The report highlighted distinct tax filing patterns among various age groups.50% of Clear users claimed 80D for tax deductions on medical insurance, while 20% utilised 80CCD(1B) for tax deductions on NPS self-contributions.Clear (formerly ClearTax), an online tax filing platform, has released a trend report, providing a comprehensive comparison of income tax return filings between the Old Regime and New Regime. The report indicated a notable shift in taxpayer preference, with 15% of individuals choosing the New Regime whereas 85% still opting for the Old Regime.The disparity between the two highlights a growing interest in the New Regime and its potential benefits over the traditional system.Also Read: Government Alerts Taxpayers About Latest Scam Targeting Income Tax RefundsThe report of...
Read More