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India’s medical tourism market expected to touch $58.2 billion by 2035

by AIP Online Bureau | Jul 19, 2025 | Data, Eco/Invest/Demography, Non-Life, Policy

Notably, recommends enabling insurance portability by collaborating with international insurance providers to include Indian hospitals in their coverage networks, arguing that this could reduce financial barriers for foreign patients and make India a more viable...

State finance ministers’ panel discusses ways to curb ITC frauds sector-specific tax evasion

by AIP Online Bureau | Jul 4, 2025 | Eco/Invest/Demography, Indian News

As per data on ITC frauds unearthed by central and state GST officers, over the two years 2023-24 and 2024-25, a total of 42,140 fake firms were detected, which were involved in fraudulently generating ITC of over Rs 1.01 lakh crore. New Delhi: A panel of state...
Budget 2025: No income tax payable on income up to Rs 12 lakh

Budget 2025: No income tax payable on income up to Rs 12 lakh

by AIP Online Bureau | Feb 1, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Finance Minister Nirmala Sitharaman In the new tax regime, the revised tax rate structure is Rs 0-4 lakh (zero tax), Rs 4-8 lakh (5 per cent), Rs 8-12 lakh (10 per cent), Rs 12-16 lakh (15 per cent), Rs 16-20 lakh (20 per cent), Rs 20-24 lakh (25 per cent), and above...

90k salaried individuals withdraw wrongful tax deductions: Rs 1,070 cr

by AIP Online Bureau | Jan 16, 2025 | Indian News

During investigation, it was revealed that such individuals are employees of organisations operating in diverse fields including PSUs, big corporations, MNCs, LLPs, Private Ltd Companies, etc, sources said. Also, most of them who claimed wrongful deductions were...

Govt plans to simplify its income tax filing rules in new Budget

by AIP Online Bureau | Jan 8, 2025 | Eco/Invest/Demography, Indian News, Policy

The possible changes involve simplifying the language and rationalizing information by using formulas and tables, and won’t include any adjustments to tax rates and policy, the people said New Delhi: India’s government plans to simplify its income tax filing rules to...
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