Low tax revenue share, high dependence on taxes for government spending. Can tax reforms in India 2025 ease the burden on citizens?

You don’t just pay tax on your earnings and wealth – you’ll also pay indirect tax as part of your everyday, regular spending – but you might not realise it. These types of tax won’t come ...

New Delhi, Feb 1 (PTI) For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents. Around 24 ...

Personal income taxes, combined with net indirect taxes (indirect taxes minus government subsidies), now exceed 20% of private consumption spending, the highest level on record. However ...

As India gears up to claim the 4th spot among the world’s largest economies by 2025, there is a pressing need to refine its tax regulations, particularly in the domain of indirect taxes with a ...

Budget 2025 expectations: Rationalization of Customs tariff rates is critical; we had seen the previous Budget review Customs duties on items such as mobile phones, gold, and silver. Budget holds ...

while corporate tax will account for 17 paise, it said. Among indirect taxes, goods and services tax (GST) will contribute the maximum 18 paise in every rupee of revenue. Besides, the government is ...

Entities that are not required to get a GST registration but are required to make a tax payment under the GST Act provision can now obtain a Temporary Identification Number (TIN). The Central Board of ...

For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents. Around 24 paise will come from ...

The government's indirect tax collection is expected to increase by 8.3 per cent in the financial year 2025-26 (FY26), according to a report by ICICI Bank. The report also noted that this growth ...