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
 

💡 newsR Knowledge: Other News Mentions

Indira Gandhi Indira Gandhi Prime Minister of India (1966–1977, 1980–1984)

1984 anti-Sikh riots: Haryana CM Saini's big announcement for kin of victims - details

 Haryana chief minister Nayab Singh Saini declares jobs for families of 1984 anti-Sikh riot victims. One hundred twenty-one people from Haryana died in the riots...
IndiaTimes

You Might Like


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