Nirmala Sitharaman said the income tax changes will cost the government more than 1 trillion rupees in revenue.

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 ...

In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...

With a higher tax-free threshold and lower rates, the new tax regime looks more appealing but does the old regime still hold any advantages?

Former Finance Secretary Subhash Garg advocates raising income tax exemption limit to Rs 5 lakh in Budget 2025 to ease taxpayer burden.

Every taxpayers should determine their residential status ... To ascertain whether you, as an NRI, are liable to pay taxes in India, the initial step involves determining your residential status ...

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 ...