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.

The fear of even tougher administration action against USAID comes two weeks into the administration’s shutdown of billions of dollars of the United States’ humanitarian, development and security assi ...

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 ...

Highlights: FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable ...

The key announcement was that of another FFS, or Fund of Funds for startups, with a fresh government contribution of ₹10,000 crore ...

The government announced a clutch of infrastructure and employment generation schemes for Bihar months ahead of assembly ...

FM Nirmala Sitharaman announced a new tax bill, changed income tax slab, ITR extension, and more in Budget 2025. We take a look at the full list of key announcements.

City Council members tell WDSU that the city's attorney and chief financial officer will not sign off on the agreed-upon deal ...

The recent shift in monetary policy and the Trump administration’s economic agenda have raised concerns about inflationary ...

Highlights:  VAT collection from cement, hotels, medicine, cigarettes, gas sectors fall NBR officials noted the decline in LTU-VAT revenue is rare Industry insiders attributed the decline to economic ...