as their post-tax income often falls short of keeping up with inflation in India. Added to these woes are the indirect tax levies, which are based on consumption. The combined impact of the two ...

“We have a fairly high indirect tax. Maybe abolishing income tax—overtime—is not a bad idea,” he stated, suggesting that India may eventually move towards a taxation model less reliant on ...

India’s tax rates aren’t necessarily among the highest in the world. Here’s why. India’s seemingly high income tax rates are softer than that of several advanced economies, allowing for a ...

Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and ...

NEW DELHI, Feb 1 (Reuters) - India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, which is projected to grow at its slowest ...

“The focus of the budget is taking everyone together on an inclusive path,” Sitharaman said, adding that the government is aiming for a fiscal deficit of 4.4% of India’s gross domestic ...

Takeaways From India's Budget That Slashes Income Tax on the Salaried Middle Class to Spur Growth NEW DELHI (AP) — Indian Prime Minister Narendra Modi’s government presented an annual budget ...