New Tax Regime The Government of India levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds INR 50 lakh. The highest surcharge limit for individuals ...

Over the past decade, India’s personal income tax structure has undergone significant changes, with successive budgets focusing on easing the tax burden on middle-class taxpayers. Since Prime ...

NEW DELHI, Feb 1 (Reuters) - India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, which is projected to grow at its slowest ...

who play a pivotal role in driving India's economy. There is growing anticipation for adjustments in personal income tax to alleviate the financial burden on middle-income taxpayers. Cutting tax ...

Image Source : PIXABAY Some people are confused between the terms tax-free and tax-exemption. Tax-free vs tax exemption: In a major relief to middle-class salaried people, Finance Minister Nirmala ...

NEW DELHI -- India will cut personal income tax rates to spur middle-class spending and accelerate growth in the world's fifth-biggest economy, Finance Minister Nirmala Sitharaman said Saturday as ...

Slower growth India's fiscal deficit is ... irrespective of the tax regime chosen. Consequently, whether an individual's total income is Rs 20 lakhs or Rs 20 crore, they will be subject to a ...

"As India moves towards ‘Viksit Bharat ... "The proposed changes to the personal income tax slab rate under the new regime will enhance discretionary income and boost spending opportunities ...

“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 ...

“We have a fairly high indirect tax. Maybe abolishing income tax—overtime—is not a bad idea,” he stated, suggesting that India may eventually move towards a taxation model less reliant on ...

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 ...