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NCERT Class 9 Students to Learn Income Tax, Investments, Budgeting
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News18•02-10-2026, 10:56
NCERT Class 9 Students to Learn Income Tax, Investments, Budgeting
- •NCERT introduces personal income tax into the Class 9 curriculum, combining tax calculation with a civic message on timely and honest tax payment.
- •The textbook, Understanding Society: India and Beyond – Part 2, includes a chapter titled ‘Managing Your Personal Finances’, emphasizing financial management from childhood.
- •Students will learn about informed decisions regarding spending, saving, investing, risk management, borrowing, and paying taxes.
- •The curriculum covers actual slab-wise income tax calculation under the new tax regime and explains the steps to determine tax liability.
- •Key pillars of personal finance such as income, budgeting, saving, investing, and risk management are introduced, along with investment options like fixed deposits, bonds, stocks, and mutual funds.
Key Questions Answered
The new NCERT Class 9 textbook, Understanding Society: India and Beyond – Part 2, introduces personal finance concepts including personal income tax slabs, budgeting, saving, investing, and risk management.
The new income-tax regime was introduced in 2020 and subsequently became the default tax regime from the financial year 2023-24.
Under the power of early investments section, the textbook introduces students to various investment choices such as fixed deposits, bonds, stocks or equity shares, and mutual funds.
