India  
 
NewsR.in

From Indira Gandhi's 97.5% tax rate to Budget 2025: A shift in tax policy

IndiaTimes Saturday, 8 February 2025
India's tax policy has evolved significantly since the 1970s, when Prime Minister Indira Gandhi's government imposed a 97.5% income tax rate to promote economic equality. This policy led to massive tax evasion and a shrinking tax base, prompting reforms. By Budget 2025, a more progressive tax framework is anticipated, focusing on growth and taxpayer relief.
0
shares		ShareTweetSavePostSend
 

You Might Like


💡 newsR Knowledge: Other News Mentions

Indira Gandhi Indira Gandhi Prime Minister of India from 1966 to 1977 and 1980 to 1984

SC raps Rahul Gandhi on Savarkar remarks: 'Not the way you treat freedom fighters'

 The Supreme Court has cautioned Rahul Gandhi regarding his remarks against V.D. Savarkar, hinting at potential suo motu action if he continues to denigrate the..
IndiaTimes

'This is not how you treat freedom fighters': SC pulls up Rahul Gandhi over remarks on Veer Savarkar

 The Supreme Court has put a hold on the Allahabad High Court's decision to not dismiss summons against Rahul Gandhi in a defamation case related to his comments..
IndiaTimes

Related videos from verified sources

Budget 2025: 12 लाख तक की Income Tax Free होने के बाद क्या Old Tax Regime खत्म [Video]

Budget 2025: 12 लाख तक की Income Tax Free होने के बाद क्या Old Tax Regime खत्म

Budget 2025: वित्त मंत्री निर्मला सीतारमण (Finance Minister Nirmala Sitharaman) ने अगले हफ्ते एक नया इनकम..

Credit: Oneindia     Duration: 03:29Published
Union Budget 2025 Personal Tax Bonanza: No Income Tax For Those Earning Up to ₹12 Lakh [Video]

Union Budget 2025 Personal Tax Bonanza: No Income Tax For Those Earning Up to ₹12 Lakh

In a major relief for taxpayers, Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh annually will now be exempt from paying income tax. This unprecedented move aims..

Credit: Oneindia     Duration: 03:13Published

Related news from verified sources

'Used to have meetings with workers': Priyanka Gandhi recalls managing elections for Sonia, Rahul Gandhi

 Priyanka Gandhi Vadra reminisced organizing elections for Sonia Gandhi and Rahul Gandhi in Amethi and Raebareli. She emphasized the significance of grassroots...
IndiaTimes

'Introspect instead of insulting': CM Fadnavis slams Rahul Gandhi over Maharashtra poll allegations

 Maharashtra CM Devendra Fadnavis responded to Rahul Gandhi's accusations of electoral irregularities in the 2024 assembly elections, defending the state's...
IndiaTimes

'Language of urban Naxals, politics of poison': PM Modi's all-out attack against Rahul Gandhi in Lok Sabha

 Prime Minister Modi on Tuesday accused Rahul Gandhi of using the language of urban Naxals and making unfounded accusations against the government. Modi defended...
IndiaTimes