Tag: Tax
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Disparity in Tax Contributions: Seven States Exceed Their Devolution Share
The data shared by the Ministry of Finance to the Rajya Sabha in a reply shows that Uttar Pradesh accounted for 4.6% of the total tax collected in the country between 2020-21 and 2024-25, but received 15.8% of the taxes shared by the Centre during this period. | Photo Credit: Sansad TV/ANI Video Grab Seven…
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Modi Government Plans Major Tax Reforms Impacting Income Tax and GST
Home Business After Income Tax and GST, Modi government is now planning major changes in…., tax-payers will now… Finance Minister Nirmala Sitharaman has said that we need to have customs simplified for people to feel that it is not cumbersome to comply. Published: December 7, 2025 7:31 PM IST Nirmala Sitharaman- File image New Delhi:…
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Transforming Talent Strategies in Finance and Tax: The Impact of AI Evolution
As businesses look to navigate ongoing change, including stormy economic seas and geopolitical pressures, they’re leaning harder on their tax and finance functions to help drive strategy and craft value. To fulfill that growing responsibility, finance leaders are shifting the way they think about the hiring, training and retention of top talent: according to a…
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SBI Advocates for Tax Break Extension for GIFT City Unit Amid Approaching Expiry
premium GIFT City has seen strong momentum over the past 12-18 months, aided by an improved regulatory framework under the International Financial Services Centres Authority (IFSCA), established in 2019. 3 min read Last Updated : Dec 05 2025 | 12:12 AM IST State Bank of India (SBI), the country’s largest lender, has approached the Centre,…
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Call for Action: Close £2bn Tax Loophole in Car Finance Scandal
Ministers are being urged to close a loophole that will allow UK banks and specialist lenders to avoid paying £2bn in tax on their payouts to motor finance scandal victims. Under the current law, any operation that is not a bank can deduct compensation payments from their profits before calculating their corporation tax, reducing their…
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Finance Minister Nirmala Sitharaman Emphasizes Efforts to Simplify Tax System
Finance Minister Nirmala Sitharaman has said that the Centre is working to simplify the tax system, noting that income tax should no longer be seen as a tiresome exercise. Addressing the leadership summit of a private media organisation in New Delhi today, the Minister highlighted that the income tax slabs need to be made more…
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Income Tax Slabs and Rates: Key Changes from 2025 to 2026
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