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tax cut

Economy and Finance

Modi govt’s big move to attract investment amid Iran war, set to introduce tax cuts for foreign bond buyers

OpIndia Staff -
The decision is a part of a bigger plan to boost capital inflows, secure the rupee and strengthen the economy.
News Reports

Modi govt makes major cuts in taxes on essential items: Here is how the GST reforms will benefit the common man

OpIndia Staff -
Under the GST reforms, the prices of food items and everyday essentials will be reduced significantly. For example, ready-made frozen parathas, chapatis, khakhra, pizza bread, and paneer will not be taxed.
News Reports

You don’t have to pay full income tax if income exceeds ₹12 lakh by a small amount: Read what is Marginal Relief and how...

Raju Das -
Under the tax structure announced in the budget, marginal relief will be calculated by deducting the amount exceeding ₹12,00,000 from the tax calculated on the entire taxable income
Government and Policy

Corporate tax cuts will improve revenue generation: FM Nirmala Sitharaman

OpIndia Staff -
The provisions in the Union Budget 2020 regarding Corporate Taxes are crucial towards delivering on Narendra Modi's vision of a $5 trillion economy.
Economy and Finance

Tax rates slashed for corporates, Sensex soars by 1300 points after big announcements by Finance Minister Nirmala Sitharaman

OpIndia Staff -
FM Sitharaman made these announcements while addressing the media ahead of GST council meet in Goa.
Economy and Finance

Here are the specific items that Congress opposed GST tax-cut on most vehemently

Nupur J Sharma -
Congress opposing GST rate cut on items that can benefit the middle class is a classic case of Congress trying to stymie benefit to the people of the country for petty political gains.
Economy and Finance

Modi delivers: Only 28 luxury items remain in 28% GST slabs, rates slashed for several goods

OpIndia Staff -
Vegetables (cooked or uncooked), and frozen vegetables have been shifted to zero percent slab from previous 5%.

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