[ad_1] In these years, the number of tax filers has gone up from 65 million to 80 million, which is still less than 6% of the population. Of all those filers, barely 25 million pay more than zero tax. Thanks to the recent hike in the exemption ceiling, it is possible that another 8 to…
[ad_1] Also Read: Is India’s slowdown structural or cyclical? It depends on your expectations. The economic commentary at that time was about slowing consumption dragging down overall economic activity and growth. However, the consumption problem, as we know, is fundamentally one of incomes. To understand this, we must go back to the post-demonetization period (after…
[ad_1] India’s middle class has reason to rejoice. Finance minister Nirmala Sitharaman has eased income tax burdens under the new regime across the board. The threshold level for zero income tax, for instance, has been bumped up to â‚ą12 lakh annually from â‚ą7 lakh. That’s quite a leap. Also Read: Union Budget 2025 strengthens the…
