With the new tax slabs, the standard deduction of ₹75,000, over and above the ₹12 lakh limit under the new tax regime, furthers the agenda of driving up savings, investments and consumption.

The income tax reforms introduced in the budget are among the biggest in the last decade — simplified and rationalised to put more money in people's hands without compromising the fiscal deficit.

Finance Minister Nirmala Sitharaman unveiled the Union Budget 2025-26 with a focus on simplification and sectoral reforms. Key highlights include no income tax for earnings up to ₹12 lakh under the ...

The large cuts in income tax is an acceptance from the government that its corporate tax cut of 2019 has not worked. Had the sequencing been reversed — IT cut first, corporate tax cut later — the resu ...

Modi govt has made some big announcements including changes in the new tax regime with taxpayers not having to pay any income tax on earnings up to Rs 12 lpa ...

Stay tuned for live updates as FM Sitharaman presents her eighth Union Budget 2025. Follow our live coverage for all the ...

Federal efforts to rein in spending may clash with priorities in Michigan, where 4 out of every 10 budget dollars are sent ...

The Budget 2025 is being seen as an important step to revive the slackening urban consumption in India and thereby help ...

India slashed personal tax rates in its annual budget on Saturday, as the world's fifth largest economy focuses on boosting domestic demand amid uncertainty over the global economic outlook due to ...

The fast-moving consumer goods index climbed 3% and logged its best day in eight months. The Indian government said people earning up to 1.28 million rupees ($14,791.53) per year will not have to pay ...

'Barron's Roundtable' panel takes a closer look at what investors need to know about Chinese AI company. According to the ...

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