1 month, 1 week ago

AAP MP Raghav Chadha questions Nirmala Sitharaman’s ₹12 lakh income tax relief for middle class: ‘Is it untrue…’

Aam Aadmi Party MP Raghav Chadha on Friday said Union Finance Minister Nirmala Sitharaman tried to complicate his words at the Rajya Sabha the day before regarding his explanation on the income tax rebate announced in Budget 2025. “Yesterday the Union Finance Minister Nirmala Sitharaman in the Rajya Sabha said I tried to mislead the house. He explained that one has to pay taxes on incomes exceeding ₹12 lakh, adding that Sitharaman tried to complicate his words by mentioning marginal tax relief. “Union Finance Minister Nirmala Sitharaman tried to prove that my example was wrong.” “I want to ask the finance minister whether it’s untrue that one has to pay tax on their full income if it exceeds ₹12 lakh.

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History of this topic

1 month, 1 week ago

AAP MP Raghav Chadha questions Nirmala Sitharaman’s ₹12 lakh income tax relief for middle class: ‘Is it untrue…’

Live Mint

1 month, 1 week ago

Sitharaman tables Income Tax Bill in Lok Sabha, seeks review by house committee

Live Mint

Finance minister Nirmala Sitharaman on Thursday tabled the new Income Tax Bill 2025 in the Lok Sabha and proposed a review by a select committee of the lower house, signalling the government’s intention to give it effect by April 2026. The bill makes significant changes in the way the direct tax statute is written and presented, giving priority to simplicity, …

1 month, 1 week ago

Budget Session: FM Nirmala Sitharaman to table New Income Tax bill in Lok Sabha today. ‘Complicated’ says, Congress MP

Live Mint

Finance Minister Nirmala Sitharaman will table the Income Tax Bill 2025 in the Lok Sabha today, February 13. According to the agenda circulated by the Lok Sabha secretariat, Union Finance Minister Nirmala Sitharaman will introduce the Income Tax Bill 2025. Complicated bill says, Congress MP Congress leader Manish Tewari had called the Bill ‘complicated.’ “The Union Finance Minister had said …

1 month, 1 week ago

Shashi Tharoor’s hilarious Coldplay jibe at Sitharaman’s income tax cuts: ‘Coldplay says fix you, FM says tax you’

Live Mint

Congress leader Shashi Tharoor took a witty dig at Finance Minister Nirmala Sitharaman’s Union Budget 2025, using a Coldplay-inspired metaphor. Known for his sharp humour, Tharoor critiqued the budget in an Instagram reel, saying, “Coldplay says ‘Fix You,’ but the Finance Minister says ‘Tax You.’” Tharoor quipped, “Even Chris Martin wouldn’t be able to find paradise in these numbers. But …

1 month, 2 weeks ago

New Income Tax Bill on tax structure reform may be tabled in Lok Sabha today

India Today

Finance Minister Nirmala Sitharaman is likely to table the new Income Tax Bill, aimed to reform the country's taxation system, in the Lok Sabha on Monday, sources told India Today TV. The bill, which got the approval of the Union Cabinet on Friday, will replace the six-decade-old Income Tax Act, and will be sent to the Standing Committee for detailed …

1 month, 2 weeks ago

Finance Minister Nirmala Sitharaman says income tax and RBI rate cut will boost economy: Report

Hindustan Times

The income tax relief which the Budget 2025 provided, coupled with the Reserve Bank of India's repo rate cut will boost recovery in consumption in the economy, a report by news agency ANI quoted Finance Minister Nirmala Sitharaman as saying. Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, Sunday, Feb. 2, 2025. Besides this, the …

1 month, 2 weeks ago

How Modi’s Union budget played a key role in BJP’s victory in Delhi assembly elections

Live Mint

The BJP's return to Delhi after 27 years, one of their strongest showings ever in the national capital, has been boosted in no small way by last week's Union budget, which slashed income tax for the salaried middle class, a key voting bloc in the capital. Almost 30 years later, the same middle class has swung them back to power,” …

1 month, 2 weeks ago

Delhi Election Results: Did Nirmala Sitharaman’s Income Tax cuts fuel BJP’s capital gains?

Live Mint

Delhi Election Results: Union Finance Minister Nirmala Sitharaman announced in her Budget 2025 speech on February 1 that income tax will not be payable up to income of ₹12 lakh. Focus Middle Class From President Droupadi Murmu to AAP chief Arvind Kejriwal, everyone seemed to be concerned about the middle class in the run-up to the Februay 5 assembly polls …

Respecting service of taxpayers: Nirmala Sitharaman on Budget income tax breaks

Trending News

1 month, 3 weeks ago

Respecting service of taxpayers: Nirmala Sitharaman on Budget income tax breaks

India Today

Finance Minister Nirmala Sitharman on Tuesday said that the tax relief given in Budget 2025 was Prime Minister Narendar Modi's effort to respect the service the taxpayers are doing for nation building. So this is a continuing part of Prime Minister Modi's effort to respect the service that taxpayers are doing in mission building," said Sitharman at the Budget Round …

1 month, 3 weeks ago

‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman

Hindustan Times

The Prime Minister Narendra Modi-led government has sought to respect the taxpayer instead of following a rent-seeking approach, finance minister Nirmala Sitharaman said on Sunday, emphasising that the huge tax relief announced in Saturday’s Union Budget was an acknowledgement of the contribution of citizens who pay their fair share towards nation-building, or, as she repeatedly stressed, a manifestation of “respect”. …

1 month, 3 weeks ago

FM Sitharaman says ministry bureaucrats needed to be convinced to cut income tax, not the PM

Op India

The budget for 2025-26 has provided major relief for the middle class by reducing the income tax burden. Finance Minister Nirmala Sitharaman in her budget speech announced substantial changes to the tax structure and raised the minimum taxable income to ₹12 lakh. Amid this, Finance Minister Nirmala Sitharaman revealed that PM Modi had readily agreed to cut income tax, but …

1 month, 3 weeks ago

'If you earned ₹12 lakh in Nehruji's time…': How PM Modi praised Budget 2025

Hindustan Times

Prime Minister Narendra Modi on Sunday took a swipe at the Congress, invoking former prime ministers Jawaharlal Nehru and Indira Gandhi to claim that their governments imposed heavy taxes on people’s earnings, while his government has eased the tax burden and provided greater relief to the middle class. If we look at this budget—back in Nehru Ji’s time, if you …

‘If you were earning ₹12 lakh during Nehru’s era…’: PM Modi targets Congress; says BJP will form govt in Delhi

Trending News

1 month, 3 weeks ago

‘If you were earning ₹12 lakh during Nehru’s era…’: PM Modi targets Congress; says BJP will form govt in Delhi

Live Mint

Prime Minister Narendra Modi on Sunday took a swipe at the Congress party and invoked former Prime Ministers Jawaharlal Nehru and Indira Gandhi to highlight the income tax relief announced in Budget 2025. On Saturday, presenting the Union Budget 2025 in the Lok Sabha, Finance Minister Nirmala Sitharaman announced that no income tax will be payable on income up to …

1 month, 3 weeks ago

No income tax upto Rs 12 lakh: Social media sparks meme frenzy after Budget 2025, netizens in celebration mode

India TV News

The internet is buzzing with emotions after Finance Minister Nirmala Sitharaman announced a tax break for India's middle class on Saturday, claiming that those earning up to Rs 12 lakh will not be required to pay any income tax under the new regime. Nirmala Sitharaman, who delivered the Union Budget for 2025-26 in the Lok Sabha at 11 a.m., stated …

Top News

1 month, 3 weeks ago

The Hindu’s Top news of the day - February 1, 2025

The Hindu

No income tax payable for income up to ₹12 lakh under new tax regime: Finance Minister Nirmala Sitharaman In the most anticipated announcement this Union Budget 2025, Finance Minister Nirmala Sitharaman, on Saturday, announced that there would be no income tax for incomes up to ₹12 lakh. It is a people’s Budget.” Union Finance Minister Nirmala Sitharaman presented the Union …

1 month, 3 weeks ago

Union Budget 2025-26: Dimple Yadav questions lack of innovation and calls for justice

Hindustan Times

Samajwadi Party MP Dimple Yadav on Saturday criticised Union Budget presented by Finance Minister Nirmala Sitharaman in Lok Sabha, saying that there was "nothing new" in the Budget. Asserting that there was "nothing new" in the Union Budget, Samajwadi Party MP Dimple Yadav attacked it on Saturday when Finance Minister Nirmala Sitharaman delivered it to the lawmakers. Union Finance Minister …

1 month, 3 weeks ago

Missed FM Nirmala Sitharaman’s Budget 2025 speech? These are the 10 things you need to know

Live Mint

Budget 2025: From income tax rebates to relief for cancer patients, Finance Minister Nirmala Sitharaman announced key reforms during her budget speech in Parliament today. No income tax up to ₹ 12 lakh One of the biggest announcements by Finance Minister Nirmala Sitharaman was about zero tax levied on annual income up to ₹12 lakh. TDS and TCS revised FM …

1 month, 3 weeks ago

Mint Quick Edit | Sitharaman’s income tax bonanza: Time to rejoice

Live Mint

India’s middle class has reason to rejoice. Finance minister Nirmala Sitharaman has eased income tax burden under the new regime across the board. The threshold level for zero income tax, for instance, has been bumped up to ₹12 lakh annually from ₹7 lakh. It also means that the tiny base of individuals who pay tax will get tinier, making India …

1 month, 3 weeks ago

‘What if…’: Shashi Tharoor on Nirmala Sitharaman's tax exemption announcement

Hindustan Times

Taking a dig at the Union Budget presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Saturday, Congress MP Shashi Tharoor said that to benefit from tax exemption, one actually needs an income source. This comes after Finance Minister Nirmala Sitharaman, during her Union Budget 2025 speech, announced that no income tax will be payable on income up to …

1 month, 3 weeks ago

Big tax relief for middle class, push for agriculture, MSMEs: Takeaways of Union Budget 2025-2026

Firstpost

Nirmala Sitharaman made a slew of huge announcements during the 2025-2026 Union Budget speech – perhaps none bigger than that there would be no tax on income up to Rs 12 lakh under the new regime. Catch all the live updates from As per Mint, Sitharaman said taxpayers under the new regime earning up to Rs 12 lakh would have …

1 month, 3 weeks ago

Delhi election and Budget 2025: What Nirmala Sitharaman offered national capital ahead of voting?

Live Mint

The central government on Saturday, February 1, presented Union Budget 2025, announcing a slew of schemes and changes that would directly impact various sectors in the country. The Budget 2025 announcements have come just four days ahead of voting in the Delhi election 2025, and it was highly anticipated that some announcements could directly impact the national capital voters. Finance …

1 month, 3 weeks ago

Budget 2025: Arvind Kejriwal ’disappointed’ as Modi govt ’ignores’ his billionaire loan waiver proposal

Live Mint

Budget 2025: Arvind Kejriwal voiced disappointment on Saturday after the Union Budget failed to include any proposal to ‘end billionaire loan waivers’. Budget 2025: Nirmala Sitharaman presents eighth budget Finance Minister Nirmala Sitharaman presented her eighth straight budget before the Lok Sabha on Saturday, laying out a blueprint for “next-generation” reforms. Arvind Kejriwal's fellow party leader Sanjay Singh also voiced …

1 month, 3 weeks ago

‘Middle class always in PM Modi’s heart’: Amit Shah hails Budget as FM Sitharaman says ‘no income tax till ₹12 lakh’

Live Mint

Home Minister Amit Shah on February 1 hailed Finance Minister Nirmala Sitharaman's Budget speech. This came as Finance Minister Nirmala Sitharaman announced the abolition of income tax until ₹12 lakh under the new tax regime. Budget 2025 LIVE Updates Taking to X, Amit Shah said, “The middle class is always in PM Modi’s heart. Congratulations to all the beneficiaries on …

Union Budget 2025: No Income Tax To Those Earning Upto Rs 12 lakh- Top Highlights Of Nirmala Sitharaman's Speech

Top News

1 month, 3 weeks ago

Union Budget 2025: No Income Tax To Those Earning Upto Rs 12 lakh- Top Highlights Of Nirmala Sitharaman's Speech

ABP News

Union Budget 2025 LIVE: Finance Minister Nirmala Sitharaman's announcement that those earning up to Rs 12 lakh would not be subject to taxes was a significant boost to the middle class. Presenting her eighth consecutive budget, Union Finance Minister Nirmala Sitharaman stated that the government's efforts to boost growth, ensure inclusive development, stimulate private sector development, and increase the purchasing …

1 month, 3 weeks ago

Budget 2025: Nirmala Sitharaman announces rejig of income tax rates — Here’s how slabs have changed under new tax regime

Live Mint

Finance Minister Nirmala Sitharaman announced a major overhaul of the income tax system while outlining the Budget on Saturday. Individuals earning up to ₹12 lakh annually will no longer have to pay any tax under the new income tax regime — with benefit of ₹80,000. Sitharaman announced on Saturday that there would be “no income tax payable upto income of …

1 month, 3 weeks ago

Union Budget 2025: Sitharaman makes New Tax Regime more attractive, here are the new tax slabs

Firstpost

In the Budget 2025-26, Union Finance Minister Nirmala Sitharaman has proposed new income tax slabs with income up to Rs 12 lakh a year being tax free In the Budget 2025-26, Union Finance Minister Nirmala Sitharaman has proposed to overhaul direct taxes. Under the new income tax structure, the slabs would look Before the Budget 2025-26, the tax slabs were …

1 month, 3 weeks ago

Union Budget 2025: No income tax payable on income up to ₹12 lakh, says Nirmala Sitharaman

The Hindu

In the most anticipated announcement this budget, Finance Minister Nirmala Sitharaman announced there would be no income tax for incomes up to ₹12 lakhs. Effectively, under the new tax regime considering the erstwhile standard deduction of ₹75,000, income of up to ₹12.75 would have no income tax liability. “The new tax structure will substantially reduce the taxes of middle-class and …

1 month, 3 weeks ago

Budget 2025: ITC to HUL- FMCG, consumer durables stocks surge after FM announces income tax relief

Live Mint

Budget 2025: Several FMCG, consumer durables, auto and realty stocks jumped higher in intraday trade on Saturday, February 1, after Finance Minister Nirmala Sitharaman announced major tweaks in personal income tax rates and limits in Budget 2025 speech. I am now happy to announce that there will be no income tax up to an income of ₹12 lakhs.” The FM …

1 month, 3 weeks ago

Massive announcement by Nirmala Sitharaman, middle-class gets new income tax structure

Hindustan Times

In a massive relief to the middle class, union finance minister Nirmala Sitharaman on Saturday announced an increased income tax exemption limit during her eighth Budget speech. I am now happy to announce that there will be no income tax up to an income of ₹12 lakhs," Sitharaman said. Full details on the income tax slabs under new regime For …

No Income Tax On Income Up To Rs 12 Lakh: Finance Minister Sitharaman's Announcement For Middle Class

Top News

1 month, 3 weeks ago

No Income Tax On Income Up To Rs 12 Lakh: Finance Minister Sitharaman's Announcement For Middle Class

ABP News

Union Budget 2025: Finance Minister Nirmala Sitharaman announced there will be no tax on income up to Rs 12 lakh under the new tax regime. "To taxpayers up to Rs 12 Lakhs of normal income other than special rate income such as capital gains, tax rebate is being provided in addition to the benefit due to slab rate reduction in …

1 month, 3 weeks ago

Govt To Introduce New Income Tax Bill Next Week: FM Sitharaman

ABP News

Union Finance Minister Nirmala Sitharaman while presenting the Union Budget 2025-26 said the government will introduce a New Income Tax Bill next week. Presenting the 14th consecutive Budget under the Narendra Modi government since 2014, Sitharaman said, "Together we embark on journey to unlock our potential for greater prosperity." In her record 8th straight Budget presentation, the finance minister said, …

1 month, 3 weeks ago

Budget 2025: Will Nirmala Sitharaman deliver tax relief for middle class?

India Today

As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2025–26, she faces a tough challenge. With GDP growth projected to slow down to a four-year low of 6.4% and inflation remaining persistently high, there are high hopes that the Finance Minister will provide a much-needed boost to the middle class. Experts agree that the budget for the upcoming …

1 month, 3 weeks ago

Budget 2025: Sitharaman expected to tweak income tax structure, increase exemptions

Firstpost

With eyes on the middle class, Union Finance Minister Nirmala Sitharaman is expected to tweak the income tax structure and increase tax exemptions Finance Minister Nirmala Sitharaman is set to break her own record with the presentation of Union Budget for FY 2025-26. File image/PTI Union Finance Minister Nirmala Sitharaman is expected to tweak the income tax structure and increase …

1 month, 3 weeks ago

Budget 2025: Sitharaman expected to tweak income tax structure, increase exemptions

Firstpost

4 months, 1 week ago

‘Your input is valuable’: Nirmala Sitharaman responds to middle-class relief plea on X

Live Mint

The Union Finance Minister of India, Nirmala Sitharaman, on Monday, November 17, responded to a request for relief for the middle-class citizens of the country in a social media post on platform X. The post was from an individual on the social media platform asking the government to consider providing some financial relief for the middle-class people of Indian society. …

4 months, 1 week ago

Nirmala Sitharaman said this to X user seeking relief for middle class

India Today

India's middle class is upset. Very upset, as some X user tagged Union Finance Minister Nirmala Sitharaman and requested her to consider providing some relief to the middle class in a social media post. I humbly request you to consider providing some relief for the middle class. In response, Sitharaman, while appreciating the X user's concerns, described the current government …

4 months, 3 weeks ago

Nirmala Sitharaman reviews Income Tax Act 1961

Live Mint

Union Finance Minister Nirmala Sitharaman on Monday chaired a meeting on the comprehensive review of the Income Tax Act 1961. Sitharaman had announced a comprehensive review of the Income Tax Act 1961 in the Union Budget 2024-25 on July 23. He also told the finance minister that 6,500 valuable suggestions have been received through the portal since it was opened …

8 months ago

'Taxes Like England, Services Like Somalia': AAP's Raghav Chadha Attacks Modi Govt's Budget 2024

News 18

Rajya Sabha MP Raghav Chadha on Thursday voiced strong criticism of the Union Budget 2024, presented by the NDA government in its third-consecutive term, and said, “India is paying taxes like England and receiving services like Somalia.” During the general discussion on the Union Budget in the Rajya Sabha, he described the budget as disappointing, claiming it “failed to satisfy …

8 months ago

Budget 2024: ‘I want to relieve middle class, but I have limitations too,’ says Finance Minister Nirmala Sitharaman

Live Mint

In a recent interview, Finance Minister Nirmala Sitharaman revealed that the Union Budget 2024 aims to provide relief to the middle class, albeit within certain limitations. The Budget 2024 proposes adjustments to the income tax slabs under the new tax regime, benefiting individuals with taxable incomes up to ₹10 lakh. In sops for the middle class, the finance minister hiked …

8 months ago

Budget 2024 Highlights on income tax: FM Sitharaman revises personal income tax slabs; taxation rates remain unchanged

The Hindu

Finance Minister Nirmala Sitharaman in her seventh Budget speech on July 23 revised the tax slabs under the new regime. Whilst the rate of taxation remains unchanged, the size of each of the slabs, excluding the initial zero to ₹3 lakh, remains unchanged. Budget 2024-25: Taxes Earlier, the Finance Minister further placed increasing the standard deduction for salaried employees from …

8 months ago

Union Budget 2024: From revising tax slabs to increasing defence spending, all big expectations from FM Sitharaman

Firstpost

The main demand from the salaried class is to revise the income tax slabs which Finance Minister Nirmala Sitharaman left unchanged in her interim budget in February. Experts say the Electric Vehicle industry has ‘high expectations’ from the Budget and that the Centre is likely to increase spending on defence and infrastructure Union Finance Minister Nirmala Sitharaman arrives at the …

8 months, 1 week ago

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?

Hindustan Times

The Union Budget 2024 could provide Income Tax relief for low earners looms large amid rising prices in the country. Experts believe that a reduction in Income Tax could address economic challenges in the country as Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 on July 23. This change would boost consumption, …

10 months, 1 week ago

Nirmala Sitharaman asked by broker why ‘government is taking his entire profit’. Watch her reply

Hindustan Times

Union finance minister Nirmala Sitharaman responded to a question on taxes levied on stock market brokers along with real estate transactions. The broker said that he has been investing money and bearing the risks as well but the government is almost like his “sleeping partner” because it continues to earn through taxes like GST, IGST, Stamp duty, Securities Transaction Tax …

10 months, 1 week ago

Worried broker queries FM Nirmala Sitharaman about high taxes in share market, real estate. She replies…

Live Mint

Union Finance Minister Nirmala Sitharaman attracted strong criticism on the internet because of her cryptic response over the issue of high taxes levied on stock market brokers along with real estate transactions. In an event at BSE, a stock broker raised a question to the minister on the amount of taxes levied by the government on stock market transactions and …

10 months, 3 weeks ago

FM Sitharaman Denies Rumors of Sweeping Tax Changes

Deccan Chronicle

New Delhi: After BSE benchmark Sensex crashed 1,100 points following a report that the Income Tax department is planning some sweeping changes after Lok Sabha elections, Union finance minister Nirmala Sitharaman on Friday debunked rumours calling it pure speculation. Pure speculation," Sitharaman wrote on social media platform X, while reacting to a tweet made by a news channel claiming that …

1 year, 1 month ago

No discrimination in tax sharing with States: FM Nirmala Sitharaman

The Hindu

Union Finance Minister Nirmala Sitharaman on Wednesday sought to dismiss allegations that the Centre was not giving money to the States and termed the Karnataka government’s charges about inadequate tax devolutions and discrimination in sharing Central taxes “patently wrong and mischievous”. Noting that even Tamil Nadu had voiced concerns, the Minister assured the House that the government had followed the …

1 year, 1 month ago

Criticism Mounts Over Income Tax Rates In Interim Budget 2024

Deccan Chronicle

Visakhapatnam: Salaried classes were disappointed that the Income Tax rates have not been reduced in the Interim Budget 2024. Union finance minister Nirmala Sitharaman, while presenting the Budget in Parliament on Thursday, made it clear that there would be no change in the taxation rates for the coming fiscal. She also claimed that there was a 50 per cent increase …

1 year, 1 month ago

Budget 2024: No change in direct taxes. What does it mean for India's middle class?

Hindustan Times

Union finance minister Nirmala Sitharaman on Thursday said that the government won't propose any changes to taxation and will retain the same tax rates for direct taxes and indirect taxes including import duties. Finance Minister Nirmala Sitharaman chose not to increase, or decrease, income tax liability on the middle class. "Keeping with the convention, I do not propose to make …

2 years, 1 month ago

Sitharaman Interview Highlights: Indian Tax System Shouldn't be Seen as Too Harsh, Says FM

News 18

Nirmala Sitharaman Exclusive Interview to News18 LIVE Updates Union finance minister Nirmala Sitharaman on Friday credited people of India for?standing with the decisions of the government?. The finance minister said that she expects 50-55 per cent of taxpayers to shift to the new exemption-free tax regime. New income tax slabs 2023-24: Up to Rs 3 lakh income there is 0% …

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4 hours, 34 minutes ago