MUMBAI, July 23 (Reuters) - India on Tuesday cut income tax rates for some citizens in an effort to boost consumption as Asia's third-largest economy struggles with uneven growth. The government ...

Also Read: Old Tax Regime Vs. New Tax Regime Bottom Line During the Union Budget, the government of India announces any amendments to the income tax slabs for the financial year. In the Budget ...

But have you ever wondered when Income Tax was first introduced in India’s Union Budget? Let's know about this fact here. India's first-ever budget was presented on April 7, 1860, by Scottish ...