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

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. This decision, aimed at stimulating the economy amid slowing growth, could benefit millions of taxpayers. The final details, including the extent of tax cuts, will be decided closer to the budget announcement on February 1.

December 26, 2024
19 Articles