What latest tax data says about income inequality
Both pre-pandemic slowdown and pandemic crisis disproportionately hurt lowest income group, while sparing others.
income tax
February 2023
January 2023
December 2022
Save More Under New Tax Regime
Finance minister has proposed major tax reforms in a push to the new tax regime. Here's how much you can save.
Tax benefits for the middle class could help improve demand: CRISIL
Rejigging of personal tax rates will lead to increased disposable income in the hands of consumers, which should increase the sales of two-wheelers and entry-level cars, says CRISIL.
Budget 2023 Tax Reforms: How much taxes do you save?
When compared with the old tax regime, income tax rates under the new proposed tax regime are undoubtedly higher, says Aarti Raote of Deloitte India.
FY24 tax proposals to benefit hard working middle class: FM
Finance Minister Nirmala Sitharaman on Wednesday proposed to increase the rebate limit to ₹7 lakh in the new tax regime.
Budget 2023: Modi govt announces 5 major changes in income tax
FM proposes to increase personal I-T rebate limit to ₹7 lakh under new tax regime; to cut total slabs to 5 and increase exemption limit to ₹3 lakh
Budget 2023: Income Tax rebate limit raised to ₹7 lakh from ₹5 lakh
Finance Minister Nirmala Sitharaman announces that there will not be any new tax for income up to ₹3 lakh; reduces the number of I-T slabs to 5.
Budget 2023: Net tax collection sees spike in past 2 years
The gross tax collection stands at ₹13.63 lakh crore as of 17 December 2022 as against ₹10.83 lakh crore in the previous year.
Budget 2023: EY India suggests nil tax on income up to ₹5 lakh under new regime
The new concessional tax regime will become attractive for the tax payers if income up to ₹5 lakh annually is exempt from taxation, says EY India.
Budget 2023: How to revive low-volume growth in India's consumption economy
India has done a commendable job as compared to other member countries with the highest GDP growth and lowest inflation. However, fear of an impending recession is still lurking.
