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

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

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 ...

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 ...

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

The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...

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 ...

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

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, ...