(Bloomberg) — Modi government presented its first full-year budget in his third term. Follow Bloomberg India on WhatsApp for exclusive content and analysis on India’s pitch to the world. Sign up here.

New Delhi: The government of India’s decision to remove personal income tax for individuals earning up to Rs 12 lakh annually will boost consumption ... a goal oriented look towards broad ...

"Close to a about lakh of crores giving out in the form of tax benefits. Just look at the multiplier effect of that. It is ...

While reaffirming its commitment to fiscal consolidation, the government has tried to stimulate consumption through tax cuts. It targets to lower the fiscal deficit to 4.4 per cent in FY26 from the ...

The Republican-controlled U.S. House of Representatives and Senate could spell disaster for the future of the IRS. A week before Inauguration Day, a dozen GOP lawmakers introduced the Fair Tax Act ...

Hence, only half of the revenues foregone by the government by the revision will boost consumption. The income tax rebate under the new tax regime has been raised to Rs 12 lakh per annum from Rs 7 ...

Consumption is crucial for the economy amid uncertain exports and low corporate investments. The finance minister introduced significant income-tax cuts while maintaining fiscal consolidation.

enabling a cross-country analysis of the redistributive effects of consumption taxes and the equity trade-offs of policies like food exemptions and tax thresholds. The implications are broad for ...

A customer looks at consumable goods before buying them at a supermarket in the southern Indian city of Hyderabad December 1, 2011. (Photo: Reuters) The income tax cut announced in the Union Budget ...

I now have a broad sense of how much money I'll save because of Finance Minister Nirmala Sitharaman’s income tax ... consumption. Five years ago, when I shopped at a grocery store, I didn’t ...

The Centre’s move to revise the tax slabs is expected to stimulate middle class spending and revitalise urban demand boosting India’s consumption story, believe consumer goods companies.

Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...