Income tax may be reduced for those earning up to ₹15 lakh this Union Budget: Report

| 27 Dec 2024 3:34 PM IST

India is considering reducing income tax for people earning up to ₹15 lakh annually in the upcoming February Budget, aiming to provide relief to the middle class and stimulate consumption amid an economic slowdown, news agency Reuters reported citing two government sources.

Tags: Income tax

Categories: Business & Economy

Sandhya

An expert in visual journalism, Sandhya creates engaging news articles through infographics at Newsographics. With a background in journalism and graphic design, she transforms complex data into accessible visual stories. Her work enhances reader engagement and promotes understanding of important topics. Passionate about visual storytelling, she advocates for the integration of infographics in modern media practices.