A higher tax-free threshold allows first-time earners to retain a larger share of their salaries, increasing disposable income during the years when they are likely to be paying for higher education, relocating for jobs, purchasing their first vehicle, or building emergency savings. 

For young Indians entering the workforce, the country's income tax regime is offering an advantage unmatched by any other G20 economy. According to an analysis based on IMF data and the national budgets of G20 countries, India now has the world's highest tax-free income threshold relative to its average income, giving Gen Z more room to earn before paying income tax.....

More https://bit.ly/4gXZJfg

Via businesstoday.in