INDIA BUDGET India cuts income tax in a bid to boost consumption
India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, ...
Mint7d
Income Tax Slabs in Budget 2025: How the 30% tax slab is crimping India’s middle class – Will there be any relief?
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 ...
Mint7d
India’s taxes nipping at your earnings? It could be worse.
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 ...
Indiatimes1d
New vs old income tax regime after Budget 2025: Post income tax slab changes, which tax regime is better for salaried middle class taxpayers?
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...
Takeaways from India’s budget that slashes income tax on the salaried middle class to spur growth
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 ...
Indiatimes6d
Budget 2025 income tax: Why standard deduction should be hiked under new tax regime
Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer. Personal tax experts are of the view ...
ABC News3d
Takeaways from India's budget that slashes income tax on the salaried middle class to spur growth
“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 ...
Who Gains, Who Loses as India Doles Out $12 Billion in Tax Sops
India cut taxes for the country’s middle class, putting about $12 billion more in their pockets as the Narendra Modi-led ...
NDTV7d
Opinion | Why Over Half Of All Income Tax Filings In India Are Zero-Tax
Almost all finance ministers of India have faced the challenge of widening the country's tax net. While the debate over how few people pay income tax in India is old, what is less well-known is ...
India TV4d
Budget 2025: When was Income Tax introduced in the Union Budget? Know here
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 ...
Hindustan Times3d
Revised income tax slabs: How much do you save? Calculation of benefits
Revised income tax slabs: Nirmala Sitharaman announced that annual incomes up to ₹12 lakh will be tax-free to stimulate consumption. Revised Income tax slabs: Union finance minister Nirmala ...