India Mulls Income Tax Cut to Boost Economy
- India is considering an income tax cut for individuals earning up to 1.5 million rupees in the upcoming budget to support the middle class and boost consumption.
- The proposed tax cut could benefit millions of taxpayers, especially those in urban areas, by offering relief from high living costs.
- The final decision on the size of the tax cut will be made closer to the budget announcement on February 1, as the government faces pressure to revitalize the slowing economy.
Source: Reuters
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Man, for people earning tad above 15L, if they have to pay entire 30% tax, What's the point really?
Rumors before every budget Nothing will happen like this
A taxpayer is a cash cow for the government, nothing will change.
They are focusing too much on very limited cows to milk them even till sweat and blood instead of thinking on increasing the number of such cows and allow all of them to live for themselves too and not just for the poor and rich of the country.
This kind of news comes out every year before the budget. If this is implemented, nothing good like ke it
I have lost all confidence on her. She would be the sole reason why I wouldn’t vote her party in 2029
Rumours!!!! Har saal ki same kahani…Instead they will increase some tax or other in the name of simplicity
They can probably move the slab to 8-9 lacs but not upto 15 lacs lol 😂😂😂
The new tax slabs for 2025-26 have arrived, and they could change how much you pay in taxes. 🤔
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