India Finance Minister Nirmala Sitharaman presented the Indian Union Budget in the Lok Sabha in Delhi on February 1, 2025.

The author will write detailed comments on the same in following articles; however, this particular article is about the revolutionary step taken with respect to tax on salaried individuals. This shows the wisdom, farsightedness, fairness and equity of the Indian tax regime. There has been a substantial reduction in the tax charge for salaried individuals.

The table shows that there is no tax on salary income up to Indian Rs 1.2 million per annum. The tax rate for the salary of Indian Rupees 5 million per annum will be around twenty (20) percent.

As against that the tax in Pakistan on any salary income above Rs 600, 000 per annum is 5 percent whereas any income........

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