So, taxpayers typically in the lower range of the 30% income tax slab are hit hardest, as their post-tax income often falls short of keeping up with inflation in India. Added to these woes are the ...

Deepashree Shetty, Partner at BDO India, recommends introducing a new 25% tax slab to offer additional relief to middle-income earners. The tax rates are 5%, 10%, 15%, 20%, and 30%. She also ...

there’s growing anticipation that Finance Minister Nirmala Sitharaman will enact reforms to benefit the vast and diverse populace of taxpayers in India. The current tax system includes a wide ...

Almost all finance ministers of India have faced the challenge of widening the country's tax net. While the debate over how few people pay income tax in India is old, what is less well-known is ...

and a flat 30 percent tax on incomes above Rs 50 lakh—is not just a fiscal adjustment; it is a strategic investment in India’s economic future. While the initial revenue loss is estimated at 6 ...

The upcoming Union Budget 2025-26, set to be presented on February 1 by Finance Minister Nirmala Sitharaman ... lakh attracts a 30 per cent rate. Comparatively, the old tax regime allows several ...

Budget 2025 expectations: Finance Minister Nirmala Sitharaman is expected to increase fund allocations for the RoDTEP and RoSCTL schemes by nearly 10% each in Budget 2025-2026. This aims to ...

It says that the urban Fast-Moving Consumer Goods (FMCG) sector, a major contributor to India’s consumption story ... Tier 2 cities now contribute 30 per cent of these platforms’ overall sales, ...

This can put ... tax refund market is about $300 billion a year. Those deposits might be going to TurboTax or going off platform. By incorporating April, we've been able to drive upwards of 95 ...

India Budget 2025 - The Indian government is considering a significant increase in agricultural spending in the Union Budget 2025-26. Budget 2025 LIVE: Finance Minister Nirmala Sitharaman is set ...