In a first, students will learn about new tax regime in Class 9 NCERT textbook
Calculating tax liability has been introduced as a section under a chapter titled ‘Managing Your Personal Finances’ that also teaches students about investment options like fixed deposits, mutual funds and equity stocks
Personal income tax has been introduced into the Class 9 curriculum as part of lessons on managing personal finances, with the National Council of Educational Research and Training (NCERT) bringing in slab-wise tax calculations for the first time. The new curriculum, which is part of the textbook Understanding Society India and Beyond-Part 2, focuses solely on the new tax regime and does not mention the old tax regime.
The textbook highlights that India follows a slab system for calculating income tax, presenting a table of tax slabs and explaining the steps required to calculate tax liability using those slabs. The inclusion of personal finance education in the curriculum aims to give students a practical understanding of financial management, covering income, expenditure, savings, investments, borrowing, risk protection, and taxes.
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