The Budget 2025 introduces a revamped income tax structure, offering a full tax rebate for individuals earning up to Rs 12 ...

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.

Finance Minister Nirmala Sitharaman’s ₹12 lakh tax rebate announcement sparked online debates. While memes flooded X, a viral ...

Despite past efforts to rationalise India’s income tax regime, several anomalies persist. The Union budget for 2025-26 is an opportunity for finance minister Nirmala Sitharaman to fix these.

The Union cabinet approved the income tax bill on 7 February to replace the existing law, and it is expected to be tabled in ...

The Indian middle class, and even some of its top 10% earners, are now fully exempt from income tax. Small businesses don’t expect such largesse; they just want to know when they will be free of ...

In November 2017, the government had set up a six-member committee to redraft the Income Tax Act. The panel had submitted its report to finance minister in August 2019. Except for the headline, this ...

The finance minister announced steps to tackle slowing growth, rising prices and low middle-class consumption.