Professional Documents
Culture Documents
NATIONAL LEVEL
GDP RATES
PERSONAL TAX
In India, the Personal Income Tax Rate is a tax
collected from individuals and is imposed on
different sources of income like labour,
pensions,
interest
and
dividends.
The
benchmark we use refers to the Top Marginal
Tax Rate for individuals. Revenues from the
Personal Income Tax Rate are an important
source of income for the government of India.
Taxes
Last
Previous
Highest
Lowest
Unit
Corporate Ta
x Rate
34.00
33.99
34.00
32.44
percent
Personal Inc
ome Tax Rate
33.99
33.99
33.99
30.00
percent
12.36
12.36
12.50
12.36
Percent
Balance of payments
The balance of payments (BOP) is the method countries
use to monitor all international monetary transactions
at a specific period of time. Usually, the BOP is
calculated every quarter and every calendar year.
All trades conducted by both the private and public
sectors are accounted for in the BOP in order to
determine how much money is going in and out of a
country.
If a country has received money, this is known as a
credit, and if a country has paid or given money, the
transaction is counted as a debit.
Balance of trade
The difference between a country's imports and its
exports. Balance of trade is the largest component
of a country's balance of payments. Debit items
include imports, foreign aid, domestic spending
abroad and domestic investments abroad.
Credit items include exports, foreign spending in
the domestic economy and foreign investments in
the domestic economy. A country has a trade
deficit if it imports more than it exports; the
opposite scenario is a trade surplus.
Monetary policy
Monetary policy is the process by which
the monetary authority of a country controls
the supply of money, often targeting a rate
of interest for
the
purpose
of
promoting economic growth and stability.
The official goals usually include relatively
stable prices and low unemployment. Monetary
economics provides insight into how to craft
optimal monetary policy.
Economic policy
Economic
policy refers
to
the
actions
that governments take in the economic field. It covers
the systems for setting levels of taxation, government
budgets, the money supply and interest rates as well as
the labor market, and many other areas of government
interventions into the economy.
Most factors of economic policy can be divided into
either fiscal policy, which deals with government
actions regarding taxation and spending, or monetary
policy, which deals with central banking actions
regarding the money supply and interest rates.
Fiscal deficit
When a government's total expenditures exceed
the revenue that it generates (excluding money
from borrowings). Deficit differs from debt,
which is an accumulation of yearly deficits.
Barriers To Entry
The existence of high start-up costs or other
obstacles that prevent new competitors from
easily entering an industry or area of business.
Barriers to entry benefit existing companies
already operating in an industry because they
protect an established company's revenues and
profits from being whittled away by new
competitors.
Barriers To Exit
Unemployment in India
Orgn level
nature of business
When filling out a form, "nature of business"
refers to the type or general category of business
or commerce you are describing. For example, if
you work at Microsoft, then the nature of your
business is software. If you work at a restaurant,
the nature of your business is food services
Size
Ownership pattern
Ownership pattern