Taxation Reforms News - Latest Updates & Headlines
Tax exemption up to Rs 12 lakh a booster for consumption-led growth
New Delhi, Feb 1: "Just as living beings live expecting rains, citizens live expecting good governance". With these words, Union Finance Minister Nirmala Sitharaman on Saturday proposed an across-the-board change in tax slabs and rates to benefit all taxpayers, especially the middle class. Approximately Rs 1 lakh crore will be made available in the hands of the taxpayers by virtue of changes in slab, rates and rebate.
Union Budget: Centre clears citizens' doubt on new income tax slabs
New Delhi, Feb 1: The government on Saturday explained how the tax reforms, proposed under the new income tax slabs, will benefit the middle class and ease the tax burden for them.
Budget 2025: Industry leaders say declining rupee will pose a challenge to fiscal management
New Delhi, January 15: As Finance Minister Nirmala Sitharaman prepares to present her eighth budget, Industry leaders have shared their expectations, highlighting the need for reforms across taxation, fiscal policies, and market operations.