Many states offer sales tax holidays, during which they waive sales tax on clothes, computers, school supplies and more.

India's urban consumption has fallen prey to stagnant wages and tighter lending conditions since FY24, but experts indicate that income tax cuts, falling inflation, and a long-pending proposal to ...

The government is reviewing the 8-year-old GST structure, focusing on reducing tax rates on consumer goods currently under ...

GST rates on clothing and footwear in India vary based on price, material, and embellishment. Garments and shoes priced above ₹1,000 attract 12% GST, while cheaper options face 5%. Sarees, unstitched ...

The best tax-friendly states for retirees are those with no state income tax and the lowest combined property taxes and sales taxes, as well as tax-friendly policies.

The IRS increased the exemption before the 2025 GOP tax bill was enacted. Find out how the megabill changes the threshold for estate taxes.

House Republicans lifted President Donald Trump’s $4.5 trillion tax breaks and spending cuts bill to final passage Thursday, overcoming multiple setbacks to approve his signature second-term policy ...

GST Rate Cut Alert: Govt May Remove 12% Slab! From Toothpaste To Clothes, Will Daily Essentials Get Cheaper?

After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax ...

The Indian government is reportedly planning a GST rate reduction, potentially making everyday items like toothpaste, utensils, clothes and shoes cheaper for the middle class.

The Centre believes that lower prices will drive higher sales, ultimately resulting in a tax base and increased long-term GST collections. Finance Minister Nirmala Sitharaman, in a recent interview, ...