Mizote hi India Danpuiin Income Tax pe lo tura min awl [Article 366(25),Income Tax Act, 1961:10(26)] avangin Income tax hi a hming ringawt chuan hre mah ila, kan hre thuk lo tlangpui vek awm e. 

*Income tax*  :

Income tax chu mimal, sumdawng, pawl etc ten an sum lakluh ang zela tangka kum khat chhunga Sorkar hnena chhiah an chhun luh țhin hi a ni. India Constitution Seventh Scheduled, Article 246 hnuaia awm a ni a, Union List 82 naah awmin, Income Tax Act 1961 u/s 10 (1) in a sawi angin Central Sorkar chu non agricultural income, agriculture income ah te chhiah khawn theihna siam a ni. Chhiah khawn tur zat bithliah hi Sorkar dan siam Central Board of Direct Tax (CBDT), Annual Finance Act, Judicial pronouncements by Supreme Court/ High Court anga kumtin khawn khawm țhin a ni. 


*Tunge Income tax pe?*

Income Tax chu India mi tupawh Constitution in chhiah a awltir loh zawng zawngin tangka kum khat chhunga an sum lakluh ang zela chhiah (direct tax), taxation rules in a sawi Sorkar hnena pe ngei ngei tura a tih hi a ni. 

*Eng atanga pek tur nge?*

Income tax hi India mi Danpuiin Sorkar hnena chhiah kum khat (financial year) chhunga an sum lakluh ațang chhiah (direct tax), taxation rules in pek zat tur a bithliah dan anga chhiah a chawi hi a ni. Hetiang hi chhiah pekna tura sum luhna te a ni :


Income from salary/pension 

Income from business and profession

Income from house, property 

Income from other sources 

Income from lottery, betting, Race, Horse etc 

Capital Gain



*Sorkar sum hmuhna*  :

Union Budget a sum hmuhna hi a tlangpui hlawka chhut chhuah dan chuan, Sorkarin  sum a hmuhna hnar (sources of income) chu hetiang hi a ni :


®  _71% vel hi Sorkarin revenue a khawn khawm tax leh non tax revenue ațangin a ni_. 

®  _9% vel hi non tax revenues ațangin a ni_. 

® _A dang 20%vel hi sum puk (borrowing and liabilities) ațangin a ni_. 

*Sorkar sum hmanna* :

Union Budget hmanna hlawm lian zual te chu :

_State shares of taxes and duties_. 

_Interest payments_

_Central government schemes and projects_. 

_Centrally Sponsored Schemes_

_Salary and pension_. 

_Defence_. 

_Subsidies_. 

_Expenses through Finance Commission_. 

_State/UT and other bodies transfer_. 

*Income tax exempt* :

Constitution Article 366(25) in *TRIBAL* (Scheduled Tribe) atan a pawm, heng state chhunga cheng te hi Income tax awl an ni :


Nagaland, Manipur, Tripura, Arunachal Pradesh, Mizoram or district of North Cachar Hills, Mikir Hills, Khasi Hills, Jaintia Hills and Garo Hills or in the Ladakh region of the Jammu and Kashmir. [vide Income Tax Act, 1961:10(26)]. Individual income of Sikkimese. 


Heng chhiah awl hian heng ațanga sum lakluh hi a huam ang, dividend, interest on securities  [u/s 10(26 AAA)]. 


*INCOME TAX PEK ZAT*

_Income tax rates and slabs applicable to Individual (Resident & Non Resident under new tax regime for FY 2020-21 and 2021-22_.  (taxguru.in)


Total income (Rs)

Income tax rate


*1. Up to 2.5 lakh*

NIL 


*2. From 2,50,001 to Rs 5,00,000*

_Income tax rate  5%_


*3. Rs. 5,00,001 to Rs 7,50,000*

_Income tax rate 10% ( ₹ 12,500 + 10% of total income exceeding ₹ 5 lakh)_


*4. Rs. 7,50,001 to 10,00,000*

_Income tax rate 15% (₹ 37,500 + 15% of total income exceeding ₹ 7.5 lakh)_. 


*5. Rs10,00,001 to Rs 12,50,000*

_Income tax rate 20% ( ₹ 75,000 + 20% of total income exceeding ₹ 10 lakh)_. 


*6. Rs. 12,50,001 to 15,00,000*

_Income tax rate 25% (₹ 1,25,000 + 25% of total income exceeding ₹ 12.5 lakh)_. 


*7. Above Rs. 15,00,000*

_Income tax rate 30% ( ₹ 1,87,500 + 30% of total income exceeding Rs. ₹ 15 lakh)_. 


Hemi chungah hian cess (chhiah chhawng) 4% chawi tel ngai a la  awm cheu bawk. 


*Income tax pe țhin Sorkar hna thawk hi an hlawh tam dan a zira kum khata Income tax ₹1 - 5 lakh pe țhin ang an ni* 


HEI VE THUNG HI 

1. Central Sorkar sum tur (Income tax) hi Danpuiin min awl hi vanneihna anih rualin Sorkar sum hmuh leh hman dan ngaihtuah leh ngaihven nachang kan hriat loh phah mai bakah mipui sum thawhkhawm a ni tih kan ngaihven tawk loh phahin i hria em? 

 

2.  State own income/revenue hmuh tam theih dan tur hi kan Sorkar hian ngaihven țha tawk hle leh ngaihtuah hle niin i ngai em? 


Source :

Income Tax Act, 1961

Union Budget 2020-21, Finance Bill. 

Economic Times 


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ZIAKTU : Huna Kawlni Kawlvawm

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