Today, almost everything is available on easy monthly instalments, from a new phone to flight tickets, even groceries. What ...

Over 88% of urban Indians identify themselves as middle class—and the trend does not change much across income groups. Here’s what we found when we asked them their threshold for feeling rich.

Consumption. Another way to define middle class is by how much you spend. This more accurately reflects your well-being since income doesn't take into account non-cash government benefits, such as ...

A Reddit post ignited a debate about India's evolving class structure, highlighting a disparity where a domestic worker's ...

The government said it tried to allay the concerns of India's middle class, particularly income tax payers, ... Also Read: Income tax cheer hides a shrunk Budget—uncovered in 8 charts.

Currently, under the new system, annual income of up to 1.5 million rupees (about $17,300) attracts a tax rate of between 5% and 20%, while income of more than that is taxed at 30%.

NEW DELHI -- India will cut personal income tax rates to spur middle-class spending and accelerate growth in the world's fifth-biggest economy, Finance Minister Nirmala Sitharaman said Saturday as ...

Takeaways From India's Budget That Slashes Income Tax on the Salaried Middle Class to Spur Growth NEW DELHI (AP) — Indian Prime Minister Narendra Modi’s government presented an annual budget ...

India’s budget gives tax relief to middle class to boost spending, growth. Income tax rates slashed as the world’s fifth largest economy focuses on spurring domestic demand and economic growth.

NEW DELHI: India plans to cut personal income tax rates to boost middle-class spending power, Finance Minister Nirmala Sitharaman said on Saturday, as she announced an annual budget that also ...

Spending among India’s fragile urban middle-class, a fluid group whose definition remains open to interpretation but is largely estimated in the tens of millions, has dropped off and is helping ...

Income tax cuts for the salaried middle class Sitharaman said her government will initiate reforms in sectors like finance, power, urban development and mining, with “transformative reforms in ...