Although the Indian markets ended today’s trading session in the red, with Nifty 50 and Sensex losing 0.50% of their value, ...

India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, ...

It was under then Prime Minister and Congress leader Indira Gandhi that India saw the highest tax rate of 97.5% in 1973-74.

Mathai was a pioneer as he tried to reduce the taxes in a young independent India in 1949-50. Taxes on incomes up to Rs ...

On February 1, 2025, Finance Minister Nirmala Sitharaman is scheduled to deliver her eighth consecutive Union Budget. Under ...

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 ...

But have you ever wondered when Income Tax was first introduced in India’s Union Budget? Let's know about this fact here. India's first-ever budget was presented on April 7, 1860, by Scottish ...

Budget 2025 clarifies that the tax rebate will no longer apply to income from capital gains or other sources taxed at special ...

Recognising the significant contributions of the middle class, the Government of India has consistently reduced their tax ...

This allows us the time, to go back in time and gauge the history of income tax slabs in India. The first ever tax slab came into being during the tenure of former finance minister John Mathai.

No income tax up to Rs 12 lakh income These reforms, positioned as part of India’s broader alignment with international tax norms, introduce new layers of financial complexity for those ...