
The silent surcharge: Pink tax and how it eats into women's earnings
Live MintYou walk into a store selling personal care products and pick up two nearly identical products —one labelled for men, the other for women. This invisible yet pervasive price disparity, known as the ‘pink tax’, quietly drains women’s wallets on everything from personal care items to professional services like dry cleaning and healthcare. Let’s move beyond symbolic gestures and confront this dual economic burden through meaningful tax reforms and policy solutions that support women’s financial empowerment. Income tax and women’s financial standing While women in India have made strides in workforce participation, they still face a 28% gender pay gap, as per World Economic Forum’s Gender Gap Report 2024. Conclusion: A call for change Women already navigate lower wages and higher expenses, and the combined effect of pink tax and income tax only widens the financial disparity.
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