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

India's Union Budget 2025-26 has introduced personal income tax changes under the new regime to spur middle-class spending & ...

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

The new income tax law, which will replace the six-decade-old Income Tax Act, is expected to be introduced in the Lok Sabha next week, according to Finance Minister Nirmala Sitharaman's statement on ...

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

India’s latest budget introduces one of the most significant tax cuts in decades, boosting disposable income & supporting ...

The total revenue impact of major tax incentives for Individual/HUF taxpayers for last five years is Rs 8,69,907.40 In comparison, the total revenue impact of major tax incentives for corporate ...

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

This comes after the government said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay ...

In the Union Budget 2025, Finance Minister Nirmala Sitharaman introduced significant reforms to India’s personal income tax structure, primarily benefiting the middle class. The ...

India plans to cut personal income tax rates to boost middle-class spending power and seeks to increase private investment to ...

Finance Minister Nirmala Sitharaman has announced that under the new income tax regime, nil tax slab has been raised from ₹7 ...