« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Church to declare holy war on tax havens!... Ministry effects major transfers in I-T Dept... » Panel suggests imposition of Graduate Tax August, 20th 2007 A parliamentary panel on human resources has suggested taxing students who take up overseas jobs after passing out from premier institutions in the country and employers for each graduate recruited by them in order to recover the cost of higher education. Parliament's standing committee on human resource development has recommended the imposition of "Graduate Tax" and "Exit Tax", saying such levies are already in vogue in some countries. The panel's report said the Graduate Tax was levied on those who use the services of skilled and trained manpower. "An employer is required to pay an annual tax to the government for each graduate recruited by it," the committee said, while admitting that the scheme had a major drawback as it might lead to the substitution of university graduates with less educated manpower. "Nevertheless, the committee feels that taxing employers based on the type and number of manpower they use has a good rationale and should be considered seriously for implementation," the report said. The human resource development ministry, in its reply, said the committee's suggestions would be conveyed to the finance ministry and the University Grants Commission. The committee said the imposition of Exit Tax on students immigrating to taking up jobs after obtaining their degrees, particularly from premier institutions which are run with massive state subsidies, was suggested by some experts.