20 million Indians just got a 50% break on their taxes

A lot of Indians are happy at the moment, because Twenty million of them just got a 50% break on their taxes. According to India's annual budget rolled out today by Finance Minister Arun Jaitley, tax rate has been slashed from 10% to 5% on income between 250,000 rupees ($3,700) and 500,000 rupees ($7,400).
The change means that roughly 20 million Indians with incomes within that bracket will see their tax liability halved next year. Indians earning less than 250,000 rupees do not pay income tax while Indians with larger incomes will also enjoy the tax break, saving 12,500 rupees ($185) each.

The Indian government hopes the concession will convince more people to pay taxes and widen the country's shockingly small tax base. Less than 2% of the country's 1.3 billion citizens pay any income tax at all.

Comments

President George Weah's One Day National Forum Successfully Attended by 26 Political Parties

On Thursday, August 8, 2018, President George Weah had a sit down with 26 political parties of Liberia. The meeting aimed at advancing ideals that promote the spirit of national unity and political tolerance between opposition political parties and the government. ANC, LP and UP attended the meeting as a team. According to Deputy Minister Eugene L. Fahngon, Deputy Minister for Press and Public Affairs at Ministry of Information, Cultural Affairs & Tourism, all 26 political parties attended and participated from start to finish. Even though, social media was buzzing about AB Dillion walking out of the meeting, he walked out as an individual and not a political party, "the invitation was extended to political parties and not to individuals," Minister Fahngon stated in his live video. Each political party gave ideals and recommendations, which made the meeting a great success. According to Deputy Minister Fahngon, "there will be future engagement...

What President Trump and Kim Jong Un Ate

The historic summit between President Donald Trump and North Korean leader Kim Jong Un continued midday Tuesday, as the leaders satisfied their appetites while holding negotiations with a contingent of advisers over a working lunch. The lunch, which followed a 45-minute one-on-one meeting between the leaders earlier in the morning and bilateral discussion with senior aides, was held at the Capella Hotel on Singapore’s Sentosa Island. It was far from an intimate affair, with each leader accompanied by a bevy of senior staff, according to the White House. Joining Trump were Secretary of State Mike Pompeo, Chief of Staff John Kelly, National Security Advisor John Bolton, U.S. Ambassador to the Philippines Sung Kim, press secretary Sarah Huckabee Sanders, and Deputy Assistant to the President for Asian Affairs Matthew Pottinger. Kim was accompanied by Kim Yong Chol , the former spy chief and one of North Korea’s chief negotiators, as well as Foreign Minister Ri Yong Ho, former...

Liberian Superstar Quincy B Dead

2 March 2017 / Berenice Mulubah Quincy B On March 3, 2017, Liberian superstar, Quincy L. Borrow aka Quincy B, died from a car accident, on his way from KARAOKE NITE, in Monrovia, Liberia. The artist was pulled out of the damaged vehicle and rush to the JFK hospital. Quincy B did not survived. Few hours before his death, the artist was spotted live on snap chat, singing Karaoke. Quincy B who was the driver of the car, died immediately. Artists CIC , Margas Bimba and Feouls Kaba in the vehicle, as well, they are at the hospital, being treated. CIC broken his legs in the accident. CIC and Quincy B are nominated for the Liberian Entertainment Awards 2017.

C Liberia Clearly

Search This Blog