Lok Sabha passes revised Income Tax Bill, 2025
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Time of India
19 minutes ago
- Time of India
Telangana sees sharp rise in number of high-income taxpayers in last five years
1 2 3 4 Hyderabad: Be it the pandemic or layoffs across industries, nothing seems to have slowed the growth of employees in Telangana, as the number of individuals earning over Rs 25 lakh per annum increased by over 140% in the last five years, records show. While the total number of ITRs declaring a total income between Rs 25 lakh and Rs 50 lakh stood at 25,216 during the assessment year (AY) 2020-21, the figure shot up to 60,830 in AY 2024-25. In fact, the state saw a steady increase in the last five years when it comes to people earning over Rs 25 lakh per annum (LPA). "For me, the pandemic came as a boon. From hardly Rs 10 LPA, my package increased to over Rs 25 lakh as I switched jobs four times in five years," said Sai K, a software professional. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Gold Rates Today in Hyderabad | Silver Rates Today in Hyderabad Giving a peek into the trend, Jitender Reddy, a senior service delivery manager at an IT firm, said that people earning between Rs 2 lakh and Rs 5 lakh and Rs 5 lakh and Rs 8 lakh benefited the most. "This comes as no surprise as many IT employees switched companies during the pandemic with at least a 30% hike. With year-on-year hikes afterwards, their package would easily cross the Rs 25 lakh mark," he added. A few pointed out that there are quite a few who moonlighted during Covid-19 as they were working remotely and added that they are continuing to file inflated returns to ensure that there is no mismatch in their income in the last few years. Along with IT professionals, people from other sectors such as pharma also received good hikes in the last few years. An increase in risk appetite post-pandemic, awareness about investment opportunities, and an increase in real estate prices, among others, are also attributed as other factors that contributed to the increase in the income of individuals. "Definitely, real estate would be a factor that contributed to the increase in income. Also, many are starting their own businesses as they are willing to take risks and are running successful businesses. This could be because of an increase in risk appetite and also an increase in the number of districts," said K Laxminarayana, an economics professor, adding that those in the health and education sectors have also started earning good money in the last few years. As per the data tabled in Lok Sabha, the increase was about 100% in the same category as the ITR filers in the said bracket increased from 4,03,363 in 2020 to 8,42,147 in 2025 across the country. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
an hour ago
- Time of India
Unsung no more: A celebration of silent change-makers
Sports Minister Mansukh Mandaviya NEW DELHI: India's true strength lies in the hands of countless unsung heroes whose contribution to society often unfolds quietly, far from the spotlight, said Mansukh Laxmanbhai Mandaviya, Union minister of labour and employment, and minister of youth affairs and sports. He was speaking at Adani Presents The Amazing Indians Awards 2025, hosted by Times Now. The event celebrated 13 exceptional individuals who have not only inspired change but also left a lasting impact on the lives of many. "These individuals embody the highest ideals of commitment and dedication, working tirelessly to bring about change in fields as diverse as agriculture, health, education, water, and community development. These changemakers are the living model of the country we aspire to be, where success of an individual is measured not in wealth or status, but in lives touched and communities strengthened. They work without expectation of reward, driven by a deep sense of purpose and a vision for a better tomorrow," added Mandaviya during his special address as chief guest at the event. The 13 winners felicitated across 12 categories included Ramprasad Sarkar (agriculture), Tapesh Mathur (animal welfare), Raghu Narasingasa Hubballi (disability, inclusion & accessibility), Shiva Balak Misra (education & skill development), Deepak Vishwakarma (environment & sustainability), Issa Fathima Jasmine M (food management & nutrition), Meera Satpathy (girl child & women's rights empowerment), Kkanchan Gupta (healthcare), Ekta Viiveck Verma and Triveni Acharya (human rights & legal aid), Kuldeep Raj Saxena (rural & slum development), Rajasekhara Raju Podili (water & sanitation), and Ambika Patel (social innovation using technology). The winners were shortlisted through a pan-India screening process by a jury comprising Neerja Birla, Padmaja Ruparel, Sanjeev Bikhchandani, Prasoon Joshi, and Ashishkumar Chauhan.
Time of India
an hour ago
- Time of India
Panel ex-member: SEP lacks fundamentals of edu policy
Chennai: In a strong criticism of TN's State Education Policy (SEP) , L Jawahar Nesan, a former member of the high-level committee formed to frame the SEP, said the policy lacked fundamental elements of an education policy and urged the chief minister M K Stalin to withdraw the policy. Stalin on Friday released the 67-page SEP document for school education. Jawahar on Tuesday told reporters, "The policy lacked any concrete idea or proposal for the educational upliftment of all children in the 21st century and it aligns in letter and spirit with the National Education Policy (NEP)." "Any public policy should be released first as a draft policy for public consultation. While some stakeholders were engaged in a limited manner through public hearings to inform the policy's context, the draft policy was not subjected to comprehensive public consultation before being unveiled. This approach contravenes the fundamental principles of inclusive and participatory public policy making," he said. He said Union govt also released the draft NEP 2020 before releasing the final version. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai | Gold Rates Today in Chennai | Silver Rates Today in Chennai "The policy recommends current schemes such as the school observation app known as Palli Paarvai, the Educational Management and Information System (EMIS), proposed blockwise model schools, and STEAM learning as solutions to the lofty claim of producing future-ready students and inculcating 21st-century skills including critical thinking," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15+ Food That Clean Arteries (Most People Ignore) Undo "The means to achieve 21st-century skills are limited to app-based schemes. Teacher capacity building is confined to schemes such as the Payirchi Paarvai digital platform. The SEP appears to approach education in a lackadaisical manner, proposing populist slogans as solutions," said Jawahar. He said GO number 98, which gave terms and reference for the high-level committee, called for a distinct SEP for TN, keeping with the historical legacy, present situation, and future aspirations of the state. "The unveiled document does not reflect even an iota of understanding of what TN's distinct features, problems, conditions, and challenges are, nor how its recommendations can serve as genuine solutions to address these issues," he said. In a rebuttal, school education department said SEP preserves TN's educational autonomy while preparing learners for global challenges. "It provides a solid foundation to be built upon with regularly updated, measurable action plans. It also strengthens social justice, retains and upgrades welfare measures, and introduces future-ready curricula, ensuring flexibility," a release said. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
