Articles for Lower Tax

Budget 2025: FM should introduce new tax slab for individuals who adopt renewable energy, reduce carbon emissions
15 hours, 31 minutes ago

Budget 2025: FM should introduce new tax slab for individuals who adopt renewable energy, reduce carbon emissions

Live Mint  

Finance minister Nirmala Sitharaman is set to present her second comprehensive budget after the 2024 general elections. The old tax regime with the regular income slabs and eligible deductions/exemptions and the new tax regime with relatively wider income slabs and lower tax rates, without most deductions/exemptions available in the old tax regime. A unified tax regime with widened income slabs …

Tax Budget Economic Growth Sustainable Development Renewable Energy Economic Income
Trump pledges to lower corporate tax to 15%, big incentives for US manufacturers
1 week, 3 days ago

Trump pledges to lower corporate tax to 15%, big incentives for US manufacturers

India Today  

US President-elect Donald Trump on Thursday announced a reduction in corporate taxes to 15 per cent as he outlined his plans for the economy while ringing the New York Stock Exchange’s opening bell, after being named as Time magazine's person of the year. He vowed to lower the corporate tax rate from 21 per cent to 15 per cent and …

Trump Corporate Tax Cent Going
Budget 2024: Exemption limit under new tax regime may be hiked to Rs 5 lakh, says report
6 months ago

Budget 2024: Exemption limit under new tax regime may be hiked to Rs 5 lakh, says report

India Today  

The government plans to raise the income exempt from tax under the new regime from the current Rs 3 lakh to Rs 5 lakh in the forthcoming full budget, reported moneycontrol.com. Officials also said that the government is unlikely to accept a proposal from industry representatives to lower the top individual income tax rate from 30% to 25% in the …

Income Report Lakh Regime New Tax Regime Lower Tax
Biden’s budget proposal for a second term offers tax breaks for families and lower health care costs
9 months, 1 week ago

Biden’s budget proposal for a second term offers tax breaks for families and lower health care costs

Associated Press  

MANCHESTER, N.H. — President Joe Biden on Monday released a budget proposal aimed at getting voters’ attention: It would offer tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and corporations. “I’m here in New Hampshire to talk about the budget I released today that would, I think, help in a big way,” …

Medicare Tax Health Care Budget Congress Trump Proposal
UP’s lower tax on jet fuel to give a boost to Delhi-NCR’s second airport
10 months, 3 weeks ago

UP’s lower tax on jet fuel to give a boost to Delhi-NCR’s second airport

Live Mint  

The Delhi-National Capital Region’s second airport in Jewar, Uttar Pradesh is expected to benefit from significantly lower value-added tax on aviation fuel, according to industry executives and experts. The existing airport catering to Delhi-NCR, in Gurugram, Haryana, charges a value added tax of 25% on aviation turbine fuel, while the tax at the new airport will be about 1%. Fuel …

International Delhi Airport Fuel Vat Jewar Airport Lower Tax
AP source: Biden to float windfall tax on energy producers
2 years, 1 month ago

AP source: Biden to float windfall tax on energy producers

The Independent  

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Companies Prices Biden Email Inside Washington Profits Energy Companies
Burgum pushes to eliminate income taxes for lower earners
2 years, 3 months ago

Burgum pushes to eliminate income taxes for lower earners

Associated Press  

Doug Burgum on Wednesday proposed eliminating state income taxes for lower-earning North Dakotans while shrinking them for higher earners to a small flat tax, which he said would save taxpayers about $250 million annually. Burgum said the income tax reduction was a way to return some of North Dakota’s budget surplus to taxpayers instead of stockpiling it. The tactic by …

Tax Taxes Income Tax Income State North Legislature
Centre mulls cutting tax rates in new income tax regime
2 years, 3 months ago

Centre mulls cutting tax rates in new income tax regime

Live Mint  

BENGALURU/NEW DELHI : The finance ministry is working to sweeten the two-year-old exemptions-free personal income tax regime by offering lower tax rates, a government official said, after the new system failed to click with taxpayers. “We have not seen much traction for the new personal income tax regime without exemptions so far. Similarly, the Centre is exploring ways to do …

Benefits Personal Tax Exemptions Income Need Rates
Tax increase for corporations looks more likely as US election nears
4 years, 2 months ago

Tax increase for corporations looks more likely as US election nears

Live Mint  

On paper, the 21% U.S. corporate tax rate was a permanent cornerstone of the 2017 tax law, a boon to business without the expiration date attached to other provisions. As the election nears, companies are closely examining Mr. Biden’s plans and modeling higher tax rates, said Rohit Kumar of accounting firm PwC LLP. Higher corporate taxes would make it harder …

Corporate Taxes Congress Companies Democrats Biden Rate