Income Tax Rate Cut
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India Revamps Tax Regime In 2025, New Act Comes Into Effect From April 1
India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget.
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After PM Modi's GST Utsav Call, M Kharge's "Band-Aid On Deep Wounds" Jab
Prime Minister Narendra Modi today termed the lowering of Goods and Services Tax (GST) rates as the beginning of "GST Utsav", presenting the reforms as a "double bonanza" to households already benefitting from recent income tax exemptions.
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FAQs: Government Answers Your Questions On New Income Tax Regime
The government today cut personal income tax rates for some sections of taxpayers in a bid to boost consumption.
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India Inc Seeks Cut In Personal Income Tax Rates At Pre-Budget Meet
Industry bodies also raised the issue of dumping of excess stock by China globally, including in India, and challenges posed to food security and inflation due to the "climate emergency", during the fifth pre-Budget consultation meeting.
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Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
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UK Drops Tax Cut For Top Earners Amid Row, Liz Truss's 1st Policy U-turn
Britain on Monday scrapped plans to axe its top income tax rate just 10 days after a debt-driven budget sparked turmoil on markets and fierce criticism during a cost-of-living crisis.
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Rishi Sunak Pledges 20% Cut In Basic Rate Of Income Tax By 2029 In UK
Rishi Sunak, trailing in the race to become Britain's next prime minister, has vowed to slash the basic rate of income tax by 20% by 2029.
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5 Tax Slabs With Lower Rates For Those Who Surrender Exemptions
As Finance Minister Nirmala Sitharaman presents her second Union Budget, she has announced significant income tax cuts.
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Budget Highlights 2020: Know Key Takeaways Of Union Budget
Budget 2020: The Union Budget 2020 is based on three themes - Aspirational India, economic development for all, and caring society. The Income tax rates have been cut, 10% for income of Rs 5-7.5 lakh against earlier 20%
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"Positive Impact On Investment": IMF Supports India's Corporate Tax Cut
The International Monetary Fund on Friday supported India's recent decision to reduce corporate income tax, saying it has a positive impact on investment.
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"Will Boost Make In India": Nirmala Sitharaman On Corporate Tax Cut
The government today reduced the income tax rate for companies by almost 10 percentage points to 25.17 per cent and offered a lower rate of 17.01 per cent for new manufacturing firms to boost economic growth from a six-year low.
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Sensex Surges 250 Points Ahead Of Budget 2018, Nifty Above 11,050: 10 Points
The BSE benchmark index Sensex and NSE Nifty rose higher in morning trade, ahead of presentation of Budget 2018 by Finance Minister Arun Jaitley in Parliament at 11 am today. The Sensex rose over 250 points to touch an intraday high of 36,226.97. The NSE Nifty rose as much as 73 points to hit 11,100.70.Higher global markets have given a boost to In...
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Budget 2017-18: Finance Minister Arun Jaitley Cuts Income Tax Rates To Soften Notes Ban Blow
Finance Minister Arun Jaitley today halved the rate of income tax in his budget, promising to increase spending on the poor. Mr Jaitley also strongly defended the notes ban, assuring that its impact on the economy would not spill over to the next year.
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Union Budget 2017: Income Tax Rates Dropped, See Details Here
Finance Minister Arun Jaitley today halved the income tax rate for persons earning between Rs 2.5 lakh and 5 lakh to 5 per cent, from the earlier 10 per cent. He also said that Rs 5,000 rebate in tax that people with an income up to Rs 5 lakh a year get, has been reduced to Rs 2,500 for those who earn up to Rs 3.5 lakh.
-
India Revamps Tax Regime In 2025, New Act Comes Into Effect From April 1
India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget.
-
After PM Modi's GST Utsav Call, M Kharge's "Band-Aid On Deep Wounds" Jab
Prime Minister Narendra Modi today termed the lowering of Goods and Services Tax (GST) rates as the beginning of "GST Utsav", presenting the reforms as a "double bonanza" to households already benefitting from recent income tax exemptions.
-
FAQs: Government Answers Your Questions On New Income Tax Regime
The government today cut personal income tax rates for some sections of taxpayers in a bid to boost consumption.
-
India Inc Seeks Cut In Personal Income Tax Rates At Pre-Budget Meet
Industry bodies also raised the issue of dumping of excess stock by China globally, including in India, and challenges posed to food security and inflation due to the "climate emergency", during the fifth pre-Budget consultation meeting.
-
Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
-
UK Drops Tax Cut For Top Earners Amid Row, Liz Truss's 1st Policy U-turn
Britain on Monday scrapped plans to axe its top income tax rate just 10 days after a debt-driven budget sparked turmoil on markets and fierce criticism during a cost-of-living crisis.
-
Rishi Sunak Pledges 20% Cut In Basic Rate Of Income Tax By 2029 In UK
Rishi Sunak, trailing in the race to become Britain's next prime minister, has vowed to slash the basic rate of income tax by 20% by 2029.
-
5 Tax Slabs With Lower Rates For Those Who Surrender Exemptions
As Finance Minister Nirmala Sitharaman presents her second Union Budget, she has announced significant income tax cuts.
-
Budget Highlights 2020: Know Key Takeaways Of Union Budget
Budget 2020: The Union Budget 2020 is based on three themes - Aspirational India, economic development for all, and caring society. The Income tax rates have been cut, 10% for income of Rs 5-7.5 lakh against earlier 20%
-
"Positive Impact On Investment": IMF Supports India's Corporate Tax Cut
The International Monetary Fund on Friday supported India's recent decision to reduce corporate income tax, saying it has a positive impact on investment.
-
"Will Boost Make In India": Nirmala Sitharaman On Corporate Tax Cut
The government today reduced the income tax rate for companies by almost 10 percentage points to 25.17 per cent and offered a lower rate of 17.01 per cent for new manufacturing firms to boost economic growth from a six-year low.
-
Sensex Surges 250 Points Ahead Of Budget 2018, Nifty Above 11,050: 10 Points
The BSE benchmark index Sensex and NSE Nifty rose higher in morning trade, ahead of presentation of Budget 2018 by Finance Minister Arun Jaitley in Parliament at 11 am today. The Sensex rose over 250 points to touch an intraday high of 36,226.97. The NSE Nifty rose as much as 73 points to hit 11,100.70.Higher global markets have given a boost to In...
-
Budget 2017-18: Finance Minister Arun Jaitley Cuts Income Tax Rates To Soften Notes Ban Blow
Finance Minister Arun Jaitley today halved the rate of income tax in his budget, promising to increase spending on the poor. Mr Jaitley also strongly defended the notes ban, assuring that its impact on the economy would not spill over to the next year.
-
Union Budget 2017: Income Tax Rates Dropped, See Details Here
Finance Minister Arun Jaitley today halved the income tax rate for persons earning between Rs 2.5 lakh and 5 lakh to 5 per cent, from the earlier 10 per cent. He also said that Rs 5,000 rebate in tax that people with an income up to Rs 5 lakh a year get, has been reduced to Rs 2,500 for those who earn up to Rs 3.5 lakh.
