Despite income tax cuts, India on track for fiscal consolidation: S&P Global Ratings
India's fiscal consolidation efforts remain on course despite recent income tax cuts, according to S&P Global Ratings.Finance minister Nirmala Sitharaman on Saturday announced zero tax on income of up to Rs 12 lakh.
India's tax cut plans will spur consumption, top execs say
India's plans to cut personal income tax rates will put more disposable income in the hands of the people and eventually boost consumption in the world's fifth-largest economy, top executives said on Saturday.
India’s new tax breaks for middle income earners a bid to boost growth
Indian Prime Minister Narendra Modi’s government presented an annual budget to Parliament on Saturday focused on spurring economic growth.
India Delivers $12 Billion in Tax Cuts to Spur Economic Growth
India’s finance minister gave middle class consumers 1 trillion rupees ($11.5 billion) in tax relief in her budget Saturday, seeking to shore up a slowing economy as global risks worsen.
Modi government slashes income tax for middle classes in India budget
Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing
INDIA BUDGET-India's Tax Cut Plans Will Boost Consumption, Top Execs Say
This comes after the government said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay any taxes, raising its threshold from 700,000 rupees. It also cut tax rates for people earning above the new threshold.
Tax cut to increase consumption
Consumer-facing businesses — ranging from everyday consumables to big-ticket items like automobiles — are optimistic that the government’s decision to cut personal income tax will lead to higher disposable income,
As India gets busy with income tax calculator, techie sparks debate saying 'anyone earning 60LPA is poor’
India's new tax exemption for salaries up to Rs 12 lakh sparked online debate about income levels. Finance Minister Nirmala ...
India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...
Explainer: How India's tax rate tweaks will boost middle class spending
The Indian government on Saturday announced the biggest tax relief in at least a decade to boost consumer demand to revive ...
From Rs 2 lakh to 12 lakh: Transformation of India’s personal income tax structure under Modi govt since 2014
In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...
Who Gains, Who Loses as India Doles Out $12 Billion in Tax Sops
India cut taxes for the country’s middle class, putting about $12 billion more in their pockets as the Narendra Modi-led ...
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Income tax cuts to facilitate FMCG, auto recovery: Moody’s
The expected increase in disposable incomes will provide a significant boost to retail spending by India's large and young ...
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India reconsiders crypto stance as global adoption pressures mount
India, which has been very critical of and opposed to crypto in the past, is now reevaluating its stance on the assets. The ...