This Budget reflects a move towards fiscal consolidation, with lower reliance on borrowings and higher revenue from direct ...

The relief applies only to those who have opted for the new tax regime, it has sparked numerous questions about its real benefits. Here's a layman's explanation to help understand the changes.

FM Nirmala Sitharaman said that the government will introduce a new Income Tax (I-T) bill in Parliament next week.

Around 24 paise will come from borrowings and other liabilities, 9 paise from non-tax revenue like disinvestment, and 1 paise ...

Exemptions On Personal Income Tax Raised to Rs 12 lakh, FM's Huge Announcement For Middle Class ...

For revenue generation, the government continues to rely primarily on a mix of taxation and borrowings as 24 paise of every ...