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A professional tax is proposed to be levied on individuals, who have an annual income of Rs 5 lakh. This would generate Rs 5 crore, the budget document read.

FinMin to kick-start budgetary exercise from Oct 14

The pre-Budget/RE (Revised Estimate) meetings will begin on the October 14, 2019, according to a Budget Circular...

6 Oct 2019 7:04 AM GMT

Nirmala Sitharaman said the governments efforts last time were thwarted by the poor numbers in the Upper House. (Photo: File)

Budget 2020: FinMin seeks suggestions for rationalising income tax,...

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during 2019-20.

13 Nov 2019 9:39 AM GMT

Finance minister Nirmala Sitharaman

FM Sitharaman to hold pre-Budget meetings with stakeholders beginning...

FM Nirmala Sitharaman is likely to present her second Budget for the Modi 2.0 government in Parliament on February 1.

16 Dec 2019 5:46 AM GMT

Despite cuts in corporate taxes and monetary easing by the central bank, investments have failed to pick up.

India's budget likely to raise spending to revive economic growth

India is facing its worst economic slowdown in a decade. Growth slipped to 4.5 per cent in the July-September quarter.

29 Jan 2020 4:41 AM GMT

Finance minister Nirmala Sitharaman sen during an interactive session on the Union Budget 2020-21 with industrialists in Chennai on Feb. 8, 2020. (PTI)

Nirmala Sitharaman: See these seven green shoots?

Fin min counts 7 indicators that show the Indian economy doing swimmingly whether Chidambaram agrees or not

11 Feb 2020 8:51 AM GMT

Finance Minister Nirmala Sitharaman

Budget 2020 provides 'discreet and considered' stimulus: Sitharaman

Sitharaman said divestments are necessary to get transparency in the working of companies.

7 Feb 2020 8:07 AM GMT

The tax rate rises to 10 per cent, 15, per cent, 20 per cent and 25 per cent for every Rs 2.5 lakh addition.

New tax structure gives option to save tax: Revenue Secy

In the new regime, 5 per cent tax is levied on an annual income between Rs 2.5 lakh and Rs 5 lakh.

4 Feb 2020 5:31 AM GMT

The real estate sector has filed 115 insolvency cases till September and $1 billion has already been transacted under stressed asset deals in 2019.

Real estate stakeholders disappointed by Budget 2020

The industry was hoping that the government will come up with measures to boost housing demand.

3 Feb 2020 7:46 AM GMT

The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

Budget overhang, RBI policy, Q3 earnings to decide market course this...

The Reserve Bank will on Thursday announce its first bi-monthly monetary policy post-Budget.

3 Feb 2020 4:46 AM GMT