Nirmala Sitharaman made a historic announcement that there will be no income tax payable for those with an income upto ₹12 lakh.

The Indian government on Saturday announced the biggest tax relief in at least a decade to boost consumer demand to revive ...

The new legislation, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, ...

Budget 2025 prioritised three key areas: reviving consumption amid a notable slowdown, keeping inflation in check through a ...

The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

The government has been talking about simplifying the tax structure to make it easier for taxpayers. Eliminating the 30% tax ...

Capital gains tax is levied on the profit earned from the sale of assets such as stocks, mutual funds, and property.

How much of this will translate into actual benefits for the middle class? And will the government take bold steps to ...

Individual taxpayers, who saw limited changes in the July 2024 Budget, are now hopeful for meaningful reforms to reduce ...

The country’s chief economic advisor, in a report released on Friday, forecast India’s economy ... will introduce a new income tax bill next week. “The new structure will substantially ...

Budget expectations: Finance Minister Nirmala Sitharaman is slated to unveil the Union Budget 2025 on February 1, with a strong emphasis on the potential overhaul of the current tax system.

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 ...