(Reuters) -India plans to cut personal income tax rates to boost middle-class spending power and seeks to increase private ...

The Federal Board of Revenue (FBR) has started sending tax notices to teachers and researchers, demanding full income tax payments. At the same time, the ...

In the Union Budget 2025-26, the government introduced some major reforms in the income tax and turned the income tax for ...

Budget 2025-26 introduces significant changes in the tax structure, offering greater relief to middle-class taxpayers by ...

Most presidents tend to avoid proposing changes to Social Security, because any change will eventually result in some group ...

Focusing on middle class, Nirmala Sitharaman quoted Telugu poet and playwright Gurajada Appa Rao: 'A country is not just its soil, a country is its people.' ...

Finance Minister Nirmala Sitharaman increased the foreign direct investment (FDI) limit in the sector to 100 percent from 74 ...

Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle ...

Budget, FM Sitharaman declares that no income tax would be payable up to annual income of Rs 12 lakh, announcing that the ...

FM announced that a person with annual income of Rs 18 lakh will get benefit of Rs 70,000 in tax while persons with annual income of Rs 25 lakh will get benefit of Rs 1,10,000 in tax. A 20 per cent ...