Taxes and borrowings make up the majority of the revenue while a significant portion of the expenditure is allocated to ...

The proposed Income-Tax Bill 2025 aims to streamline the definition of taxable incomes categorized under the "Salaries" ...

Budget 2025: Borrowings and Liabilities contribute the most to the budget’s revenue, making up 24% of the total. This is a slight drop from 27% last year. Income Tax ranks second, accounting for 22% ...

During the Mughal era, budgets were prepared by gathering information about land and its production to determine taxes, and ...

This is an ongoing source of non-tax revenue. Royalties from natural ... These payments provide a steady income stream, especially given India's vast natural resource wealth.

The Goods and Services Tax (GST) has been a cornerstone of fiscal reform in India. The shift to GST ... GST provides a major source of fiscal revenue that supports various developmental and ...

Union Budget Explained: After Finance Minister Nirmala Sitharaman presented the 2025-26 Union Budget in the Lok Sabha on Saturday, it is time to know where does Centre collects every 1 rupee of ...

India’s Union Budget 2025-26 revealed a significant reliance on borrowings, accounting for 24 per cent of the government’s ...

Finance Minister Nirmala Sitharaman said that a new Direct Tax Bill will be introduced in Parliament next week.

Individuals with annual income ... of making India a developed nation by 2047. The economy is expected to expand 6.3%-6.8% in the coming fiscal year. Despite the revenue loss from tax cuts ...

Chennai: The revision of income tax exemption ... lakh crore loss in revenue for the government and this is expected to boost consumption demand in urban areas. However, India ratings finds ...