MANAGEMENT

Detailed explanation-1: -Unification of tax rates on passive income-a uniform tax rate of 15 percent will be imposed on interest income, dividends, and capital gains on the sale of shares of stock, debt instruments and other securities not traded in a local exchange or an organized marketplace.

Detailed explanation-2: -According to the new tax regime, if your annual income ranges from Rs.10.00 lakhs to Rs.12.50 lakh, the tax deduction rate will be Rs.75, 000 + 20% above Rs.10, 00, 000.

Detailed explanation-3: -Yes, the IRS does collect taxes on passive income.

Detailed explanation-4: -Dividends received by a non-resident foreign corporation from a domestic corporation are subject to a general final WHT at the rate of 25%.