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tax cut news

IRS issues new guidance on ‘No Tax on Tips' and overtime: Here are the details

IRS introduces Schedule 1-A for 2025 returns with deductions on tips, overtime pay, car loans, and seniors’ tax breaks
us news
Published on Nov 22, 2025 05:25 am IST

State of the economy and economic sentiment | Number Theory

The GST rationalisation is clearly an attempt to boost spending in the economy and generate tailwinds for not just growth but even revenue creation.
editors pick
Published on Sept 23, 2025 01:53 am IST

GST rate cut: What is getting cheaper from September 22?

The new GST rates come into effect on September 22, the first day of Navratri.
india news
Published on Sept 20, 2025 10:32 pm IST

Signed and sealed, President Donald Trump's ‘Big Beautiful Bill’ explained

Donald Trump's bill also has provisions for funding the US's national security with around $350 billion.
world news
Published on Jul 05, 2025 11:26 am IST

How Big Beautiful Bill will change tax by income bracket | Explained

Big Beautiful Bill is expected to bring several changes to income tax
us news
Updated on Jul 04, 2025 08:51 am IST

Here's the late changes Republicans made to Trump's big bill

Here's the late changes Republicans made to Trump's big bill
us news
Updated on Oct 06, 2025 09:00 pm IST

Between the rich and the poor, the middle is stuck

PREMIUM
Personal income taxes, paid by less than 5% of the total population, pulled 19% of the almost ₹45 trillion total budget burden in 2023-24. (Photo by Santosh Kumar / Hindustan Times)
opinion
Published on Jan 10, 2025 10:36 pm IST

Netizens troll Centre over 'absurd' popcorn tax; ‘Are these your priorities?'

Netizens troll Centre over popcorn tax slabs
htcity foodies
Published on Dec 23, 2024 02:14 pm IST

Musk's most brutal swipe at Biden over ‘gay’ attack leaves netizens laughing

Reacting to Biden's remarks, Musk quipped with laughter emojis, “He called me “gay” and now he wants to touch my ass.”
us news
Updated on Nov 03, 2024 07:13 pm IST

Texas tax-free weekend 2024: Complete guide to eligible school supplies & more

A complete guide about school supplies free of tax during Texas tax-free weekend.
us news
Published on Aug 06, 2024 01:19 pm IST

Reforms of new tax regime may reduce tax burden and allow option to choose again

Nirmala Sitharaman pictured at the Lok Sabha on July 23, with the Union Budget
business
Published on Jul 24, 2024 04:44 pm IST

UK finance minister Kwasi Kwarteng sacked after tax cuts spark outrage: Report

Britain's finance minister Kwasi Kwarteng.
world news
Updated on Oct 14, 2022 05:23 pm IST

Corporate tax cut a bad gamble

Because of the coronavirus pandemic, both growth and tax collections will face very strong headwinds.
india news
Updated on Jun 01, 2020 08:55 am IST

The multi-pronged reforms in Union Budget 2020, writes Kumar Mangalam Birla

The budget also addresses the issue of tax harassment
analysis
Updated on Feb 01, 2020 10:26 pm IST

The government has adopted a measured policy of planned recovery by a thousand cuts. It can work

In the backdrop of the challenges the economy faces, the budget seeks to rekindle the economy through a range of activities around agriculture, health and education
analysis
Updated on Feb 01, 2020 10:29 pm IST

US budget deficit soars in 2019 to just under $1 trillion, highest since 2012

America’s budget deficit soared to nearly USD 1 trillion in the 2019 fiscal year as government borrowing swelled, the US Treasury announced Friday.
world news
Published on Oct 26, 2019 10:23 am IST

MGNREGA can revive Rural India | Opinion

An improved MGNREGA can serve as the vehicle for delivering a rural stimulus
columns
Updated on Oct 15, 2019 08:17 pm IST

Worrying signals for the economy | HT editorial

Data from RBI shows that adjusted non-food bank credit to the commercial sector from banks was negative in the year to September 13
editorials
Updated on Oct 04, 2019 07:00 pm IST

The government’s political economy approach is clear

Union finance minister Nirmala Sitharaman addresses a press conference, New Delhi
analysis
Updated on Sept 27, 2019 07:28 pm IST

Government plans PSU stake sales to recoup loss from tax cut

The government last month received Rs 1.76 lakh crore from RBI in the form of a transfer of dividend and surplus, which is almost double the budgeted amount of Rs 90,000 crore.
business
Updated on Sept 24, 2019 09:45 am IST

India Inc. has no excuse to underinvest anymore. It is time to take the plunge | Analysis

The finance minister, by the announcement of reduced taxes, has, in one sweep, increased cash flows in any investment calculation, nullifying the negative effects one has described before
analysis
Updated on Sept 23, 2019 08:34 pm IST

Tax cuts will attract investors looking to shift from China: Nirmala Sitharaman

Nirmala Sitharaman said the government’s decision to reduce the corporate tax rate has turned India into an attractive investment destination.
india news
Updated on Sept 23, 2019 06:43 am IST

₹1.45 lakh crore corporate tax cuts finalised by govt in 36 hours

The cuts were among the most sweeping ever announced by an Indian government, which would forego ₹1.45 lakh crore in revenue, hailed by corporate entities as historic, and cheered by the markets.
india news
Updated on Sept 22, 2019 04:50 am IST

Corporate tax cut gives PM Modi perfect pitch to win American investments

Modi will be addressing the Bloomberg Global Business Forum Sept. 25, that will see participation from 40 major companies, including Lockheed Martin Corp., American Tower Corp., Mastercard Inc. and Walmart Inc.
india news
Updated on Sept 21, 2019 09:54 pm IST

Corporate tax rate cut a boost for the economy | HT Editorial

Finance minister Nirmala Sitharaman’s decision to cut the corporate tax rate to a flat 22% (25.17% with cess and surcharge) for companies willing to give up all exemptions should be seen in this context
editorials
Updated on Sept 20, 2019 08:29 pm IST

‘Government considering tax cut on hybrid vehicles’: Nitin Gadkari

India is considering a cut in the goods and services tax rate on hybrid vehicles, Nitin Gadkari said.
business
Updated on Sept 05, 2019 12:01 pm IST

White House considering cutting tax to avoid recession: Report

Trump administration is also considering to reverse new tariffs imposed on Chinese goods.
world news
Updated on Aug 20, 2019 08:22 pm IST

Nirmala Sitharaman-led first GST Council meets to decide on single point refund system

The GST Council is expected to consider tweaking GST rate on lottery and cutting the tax rate on electric vehicles from 12 per cent to 5 per cent.
business
Updated on Jun 21, 2019 04:03 pm IST

3 Indian-origin Tory MPs back Boris Johnson as next PM

Paul Johnson, director of the Institute for Fiscal Studies, said promises of tax cuts and spending increases coming by the candidates will horrify bureaucrats in the Treasury grappling with budget cuts and a slowing economy.
world news
Updated on Jun 11, 2019 12:45 pm IST

The HT View | Interim Budget 2019-20 is a statement of political intent

Prime Minister Narendra Modi cheers as Finance Minister Piyush Goyal presents the Interim Budget 2019-20 during the Budget Session at Lok Sabha, in New Delhi, Friday, Feb 1, 2019
editorials
Updated on Feb 01, 2019 11:50 pm IST
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