MUMBAI: Of every rupee in the government coffers, the biggest pie--of 66 paise-- comes from direct and indirect taxes, ...

Live: FM Nirmala Sitharaman announced to introduce New Income tax bill next week, no income tax till 12L under new tax regime ...

Reports suggest that there could be a relaxation on income tax for individuals, especially those earning up to Rs 15 lakh.

Budget 2025 reveals borrowing as the top revenue source at 24 paise per rupee, while states receive the largest share at 22 paise. Spending priorities include debt, welfare, and defence.