Direct taxes are imposed directly on individuals and entities according to their income or wealth whilst indirect tax is imposed on goods, services or transactions and eventually paid by consumers.

Taxation in India is the primary tool for the government to generate revenue, which is subsequently used for infrastructure development, social welfare, and national security. The system is a ...

As Union finance minister Nirmala Sitharaman prepares to present the Union Budget 2026–27 tomorrow (February 1), tax data from the past five years highlights the evolving revenue base of the ...