The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

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

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

Finance Minister Nirmala Sitharaman on Saturday said she is likely to introduce the new income tax bill, which will replace ...

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

India’s 2025 budget cuts taxes to boost spending, but can it offset slowing growth amid inflation, weak demand, and global ...

Under the new tax regime, the government has also introduced new tax slabs, lowering the tax burden on middle-income earners.

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

Finance Minister Nirmala Sitharaman announced the introduction of a new income tax bill in the Lok Sabha next week, replacing ...

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

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

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