As Budget 2026 draws closer, expectations are rising that the government may simplify personal income tax the way it streamlined GST. With GST moving towards fewer, broader rates over the past year, ...

Deputy Liam McKenna says he wants to take GST off the table for this political term.

FM Nirmala Sitharaman has made a clear shift in India’s tax philosophy, from fear-driven enforcement to trust-based, corrective compliance. The proposals narrow criminal liability, encourage voluntary ...

Ahead of Budget 2026-27, the Economic Survey 2025-26 signals major tax relief for taxpayers, including no income tax up to ₹12 lakh, a simplified GST 2.0 structure, GST exemption on insurance, and ...

Follow the income tax slab changes, revised income tax slabs, new vs old income tax rates and key announcements from FM ...

Income tax and corporate tax collections set to climb, but GST collections will decline after the rates were rationalised in September to boost consumption ...

The issue is rising enforcement through technology and law reforms. The takeaway is that taxpayers must adapt to stronger ...

Finance Minister Nirmala Sitharaman's Budget 2026 maintained most of the existing taxation rules for gold and silver investments, except for one change related to Sovereign Gold Bonds (SGBs). The ...

The world of consumption taxes can be confusing, especially when comparing the tax system in the U.S. to the systems used in other countries. For U.S. shoppers and businesses, it’s important to know ...