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Will India’s 2025-26 tax cut spur consumption and GDP growth?

adminApril 1, 202501 mins

Will India’s 2025-26 tax cut spur consumption and GDP growth? | Mint ₹12 lakh, ₹50 lakh surcharge,marginal propensity to consume,household spending,fiscal injection,GDP growth,paradox of thrift,consumer spending,debt burden,Financial Stability Report,Reserve Bank of India,consumer confidence,job creation,savings vs spending,precautionary savings,welfare schemes,public health services,state health insurance,financial security,economic growth”/> ₹12 lakh, ₹50 lakh surcharge,marginal propensity to consume,household…

Sudipto Mundle: The path to Viksit Bharat must be paved with a clear fiscal strategy

adminMarch 27, 202509 mins

On 1 February 2025, India’s finance minister Nirmala Sitharaman presented her record eighth budget in Parliament. Her budgets have usually been characterized by three signature features: transparency, fiscal prudence and high capital expenditure (capex). However, in the 2024-25 and 2025-26 budgets, there is a visible tension between the latter two. Capex growth has been drastically…

Income Tax: These are the exemptions given under the old and new tax regimes; check list

adminJanuary 28, 202504 mins

In FY 2023, the income tax regime became a default regime for all taxpayers. This means the taxpayers are meant to file their income tax return (ITR) as per the new regime unless they choose to opt out of it. And if you do not opt out of the new tax regime, you are entitled…

Income tax payers in India have good reason to feel neglected

adminJanuary 28, 202506 mins

As the countdown to the budget for 2025-26 enters its final phase, it is about time individual taxpayers got a look-in from finance minister Nirmala Sitharaman. They are yet to receive the kind of largesse given by her to corporates in 2019, when the rate of corporate income tax was cut from 30% to 22%….

Income tax calculator: Find out which tax regime suits you better — New or Old

adminJanuary 27, 202504 mins

Income tax calculator: The new tax regime became a default tax regime in FY 2023, which means taxpayers are meant to pay income tax based on the new regime unless they opt out of it. They would do so only if they were told that the old tax regime would lead to lower taxes. However,…

What we can expect of India’s budget in a year of deal-making

adminJanuary 26, 202509 mins

The annual deal-making Davos conference kicked off on 20 January, the same day a self-appointed deal-maker was sworn in as the next president of the United States. India observes an annual deal-making day on 1 February every year when the finance minister presents the budget. The budget is technically supposed to be a dull accounting…

The reform of tax policy has a big role in India’s Viksit Bharat journey

adminJanuary 24, 202508 mins

This is not just from the perspective of funding higher levels of public expenditure that becoming a developed country will entail, but also in terms of the impact it will have on the investment and economic growth needed to help us achieve this vision. Also Read: Budgeting for growth A developed India must have well-drafted…

ELSS: Are investors getting disillusioned with tax-saving funds under the New Tax Regime? Experts say this

adminJuly 20, 202405 mins

Thanks to the new tax regime which has done away with most exemptions and deductions, taxpayers are now redefining the way they tend to invest and save their income tax. One of the popular investment schemes among retail investors who want to save tax include Equity Linked Savings Scheme (ELSS) which enables investors to stay…