Which state has the highest revenue?

Which state has the highest revenue?

Richest U.S. States by GDP

1. 1. California. California, the nation’s most populous state, has the largest state GDP of $3,120,386,000. California’s median household income is $80,440, the sixth-highest in the U.S.
2. Texas.
3. New York.
4. Florida.
5. Illinois.

Which state has highest revenue in India?

Maharashtra

Which taxation generates largest revenue to central government?

Direct taxes (personal income tax and corporate tax) accounted for 51.3% of total revenues in 2016-17 and the rest came from indirect taxes.

Which Indian state pays highest tax 2020?

Maharashtra has the highest number of taxpayers in the country, with 1.30 crores. Uttar Pradesh follows it with 78.22 lakh taxpayers and Gujarat with 74.80 lakh taxpayers.

Who is highest tax payer in India?

actor Salman Khan

Which state is tax free in India?

As per section 10(26) of the Income Tax Act, a member of a Scheduled Tribe residing in any area specified in the Sixth Schedule of the Constitution – which covers autonomous administrative areas like Dima Hasao, Karbi Anglong and Bodoland Territorial Area District in Assam, and the Khasi, Jaintia and Garo hills in …

Which income is tax free?

✅What is the amount of tax-free income? According to new and old tax regimes, an individuals income below ₹ 2.50 Lakh is exempted from tax. However, you can claim tax rebate on income upto ₹ 5 Lakh and make it tax free.

Can I pay income tax monthly?

You can choose how much to pay straight away and how much you want to pay each month. If you don’t keep up with your repayments, HM Revenue and Customs (HMRC) can ask you to pay everything you owe. There are 2 ways you can set up a payment plan: set up a payment plan online.

Is tax yearly or monthly?

A tax year refers to the 12-month period that a tax return covers. Individuals are subject to a calendar tax year beginning Jan. 1 and ending Dec. 31.

How can I claim TDS refunded by bank without pan?

Having deducted the TDS and paid to the government, you will have to claim the refund by filing the return of income. Without having PAN, you will not be in a position to file the return of income and claim the refund of taxes deducted. You are advised to obtain the PAN and comply with provisions of the IT Act, 1961.