Search For "personal income"
GST reforms to aid consumption and sustain growth, however tariff risks cl
Updated : 8 months ago IST
Despite global headwinds ranging from tariff volatility to geopolitical tensions, NSE's Macro Review report notes that India's GDP momentum could ease over in next few quarters as higher tariffs begin to weigh on exports. At the same time, a possible rationalisation of GST rates ahead of the
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Personal income tax collection overtakes corporate tax: Report
Updated : 9 months, 1 week ago IST
Personal income tax collections have surpassed corporate taxes for the first time in India's history, signalling a structural shift in the country's direct tax architecture driven by formalisation, digitisation and stronger compliance, according to a report by JM Financial Institutional Secu
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Oman to introduce first income tax for high earners from January 2028
Updated : 11 months, 2 weeks ago IST
According to a report by Gulf News, high earners in the country will have to pay a personal income tax of 5 per cent effective 1st January 2028, as the Sultanate advances fiscal reforms under Vision 2040.
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Canada unveils tax relief for middle class, reduces income tax rate to 14%
Updated : 1 year ago IST
Following the unveiling of a new cabinet, Canada has announced a significant personal income tax cut as one of the government's top legislative priorities for the new parliamentary session. The proposal will see the lowest marginal personal income tax rate reduced from 15 per cent to 14 p
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Tax relief in Budget, RBI repo rate cut should keep domestic demand resili
Updated : 1 year, 3 months ago IST
India's domestic demand is expected to remain resilient, supported by the personal income tax concessions announced in the 2025 Union budget and the repo rate cut initiated by the Reserve Bank of India, S&P Global Market Intelligence said in a note.
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Budget 2025: One crore middle-income taxpayers to be out of tax net with r
Updated : 1 year, 4 months ago IST
Sitharaman, during her Union Budget 2025 speech, announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers, especially the middle class
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Government likely to announce personal income tax relief in upcoming Budge
Updated : 1 year, 4 months ago IST
The government is expected to provide some relief to personal income taxpayers in the Union Budget for FY2026, according to a report by ICRA.
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Budget should reduce tax rates, raise personal income tax exemption limit
Updated : 1 year, 4 months ago IST
The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from Rs 3 lakhs to Rs5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India (
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Fugitive business tycoon loses Taiwan citizenship
Updated : 1 year, 7 months ago IST
The government of Taiwan has revoked the Republic of China (ROC) citizenship of fugitive business tycoon Chen Yu-hao, who has been living in China for 22 years. This decision follows the discovery that Chen obtained household registration in China. Chen, who acquired Chinese citizenship in 2
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Despite increased Capex, Government on the path of fiscal prudence says An
Updated : 1 year, 9 months ago IST
The central government is continuously moving on the path of fiscal prudence with the fiscal deficit of the government on July 24 declining to Rs 1.41 lakh crore as compared to Rs 1.54 lakh crore in the corresponding period last year, as per a report by Anand Rathi, a financial services comp
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Sitharaman says "numbers speak for themselves" as Indians increasingly opt
Updated : 1 year, 9 months ago IST
In the Budget for 2020-21, the government, in order to provide relief to individual taxpayers and to simplify the income-tax law, had proposed to bring a new and simplified personal income tax regime wherein income tax rates were significantly reduced for those who forgo certain deductions a
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Union Budget 2024: Real Estate Sector Responds to Strategic Investments an
Updated : 1 year, 10 months ago IST
Delhi NCR [India], July 25: Finance Minister Nirmala Sitharaman announced India's Union Budget for 2024-25, focusing on employment, skill development, support for MSMEs, and the middle class. This pivotal moment for India's fiscal policy outlined the government's financial roadmap, with all
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