India's tax policy has evolved significantly since the 1970s, when Prime Minister Indira Gandhi's government imposed a 97.5% ...

In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...

Finance Minister Nirmala Sitharaman during her Budget 2025 speech on February 1, 2025 announced the New Income Tax Bill that ...

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 ...

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

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 ...

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 ...

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

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

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

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.

The country’s first budget post-Independence was presented in November 1947.Railway Budget was merged with Union Budget in ...