Taxation and income tax were the biggest topics of discussion after the previous Union Budget on July 23, 2025. The larger ...

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

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

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

After a major budget that saw the FM making some crucial announcements regarding direct taxation in India, the New Income 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 cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, ...

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

Takeaways From India's Budget That Slashes Income Tax on the Salaried Middle Class to Spur Growth NEW DELHI (AP) — Indian Prime Minister Narendra Modi’s government presented an annual budget ...

“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 ...

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.