Income tax relief, repo rate cut to boost recovery in consumption: Sitharaman

Feb 08, 2025

Income tax relief provided for in the Budget coupled with RBI repo rate cut put together will boost recovery in consumption in the economy,...

Taxpayers aged between 18 to 35 years filed 2,09,06,829 ITRs till Jan 31: Centre

Feb 07, 2023

As per Income-tax Act, 1961, tax is calculated and collected based on total income returned in Income tax Returns (ITR).

Canada unveils tax relief for middle class, reduces income tax rate to 14% starting July 2025

May 14, 2025

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...

Despite income tax cuts, India on track for fiscal consolidation: S&P Global Ratings

Feb 04, 2025

Finance minister Nirmala Sitharaman on Saturday announced zero tax on income of up to Rs 12 lakh. The union government will forego a revenue...

Increased disposable income after tax cut to push quick-service restaurant sales: Goldman Sachs

Mar 03, 2025

The increased disposable income after the rate cut announcements in the Union Budget 2025 will push the sales growth of the quick-service restaurant (QSR)...

Income tax employees call for boycott of Income Tax Day celebrations

Jul 23, 2025

Income tax employees across the country will boycott the official Income Tax Day celebrations on July 24, as part of an escalating protest against...