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flag India plans to cut income taxes for individuals earning up to $20,000 to boost the economy.

flag India may cut income tax for individuals earning up to Rs 15 lakh ($20,000) annually in the 2025-26 budget to ease middle-class financial burdens and boost consumption. flag This decision, aimed at stimulating the economy amid slowing growth, could benefit millions of taxpayers. flag The final details, including the extent of tax cuts, will be decided closer to the budget announcement on February 1.

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