The Union Budget 2025-26 has proposed to raise the basic exemption limit to INR 4 lakh, up from the previous limit of INR 3 lakh. Similarly, it raised tax slab rates for salaried individuals 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 ...

Over the past decade, India’s personal income tax structure has undergone significant changes, with successive budgets focusing on easing the tax burden on middle-class taxpayers. Since Prime ...