SBI report Archives - Fusion World

New tax structure to benefit 5.65 cr taxpayers, will collectively save around Rs 1 L cr in taxes: SBI Report

fusion world5 months ago5 months ago04 mins

New Delhi : The new tax structure announced in the Union Budget 2025-26 is expected to benefit around 5.65 crore taxpayers who fall under the income slab of Rs 4 lakh and above. According to a report by the State Bank of India (SBI), these taxpayers will collectively save approximately Rs 1 lakh crore in…

India’s savings rate shoots past global average: SBI report

fusion world7 months ago7 months ago03 mins

New Delhi- India’s savings rate has surpassed the global average as financial inclusion has shot up in the country with over 80 per cent adults now having formal financial accounts, according to an SBI report released on Monday. India savings rate is at 30.2 per cent, which is higher than the global average of 28.2…