Government considers income tax rate cuts to boost consumption in the economy and increase savings for the middle class as consumption growth slowed.
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PM Modi’s government is considering consumption-boosting measures worth more than 500 billion rupees ($6 billion) in India’s upcoming budget.
Government considers income tax rate cuts to boost consumption in the economy and increase savings for the middle class as consumption growth slowed.
Officials in the Ministry of Finance are discussing proposals to reduce taxes for high-spending consumers. Individuals earning between 500,000 rupees...
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The latest tax cuts will see families with children pocket more than $60 a week on average, Treasury analysis shows.