LSE Professor Mukulika Banerjee said that the poor pay far more in terms of the proportion of their income in taxation.

By Dharamraj Dhutia and Ashwin Manikandan MUMBAI, May 29 (Reuters) - Indian life insurers have asked the government to double the tax-free limit for insurance policies from 500,000 rupees ($5,232), ...

India’s tax system has quietly undergone a major shift. With the effective tax-free income limit at Rs 12 lakh under the new ...

India’s Finance Act, 2026 introduces a tax framework for foreign companies using local data centres but leaves several ...

NEW DELHI, Sept 1 (Reuters) - India plans to cut consumption tax by at least 10 percentage points on nearly 175 products ranging from shampoos and hybrid cars to consumer electronics, two sources said ...

India’s government is making strides to improve the business environment for the country’s MRO segment. A new revision to the country’s goods and services tax could help make MRO investment in the ...

Today, income tax is one of the Indian government’s biggest sources of revenue, contributing heavily to public spending on ...

Apple is lobbying India to amend a decades-old tax law that could expose the company to billions of dollars in taxes on equipment it owns inside local iPhone factories, Reuters reports. Apple is ...

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