Broadly, there are two categories of taxes: direct and indirect. Direct taxes are progressive levies, including income tax, ...

Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...

For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to ...

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

New Delhi, Feb 1 (PTI) For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents. Around 24 ...

According to the budget document, total receipts for FY26 are estimated at ₹50.65 lakh crore, with revenue receipts projected ...

Unlike direct taxes, which are levied based on a taxpayer’s ability to pay, indirect taxes apply uniformly, regardless of an individual’s financial situation. As a result, lower-income ...