Budget 2025: Why middle class can expect tax relief today
1 month, 3 weeks ago

Budget 2025: Why middle class can expect tax relief today

India Today  

Prime Minister Narendra Modi during his speech ahead of Union Budget 2025 invoked the country’s middle class, poor and women, signalling that the government may introduce several reforms and measures aimed at these groups. He started his speech with, “I pray to Goddess Lakshmi to shower the poor and middle class with blessings,” and referred to the terms 'innovation, inclusion and investment', hinting that the government is likely to roll out schemes that focus on offering economic and tax relief to these targeted groups. The country’s middle class can expect changes in tax slabs under the new income tax regime. In other words, if the proposed tax changes, welfare schemes and measures are implemented in Budget 2025, they would provide the much-needed relief for the middle class, poor and women.

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History of this topic

New Income Tax bill 2025 tabled in Parliament: Top 10 highlights every taxpayer MUST know
1 month, 1 week ago

New Income Tax bill 2025 tabled in Parliament: Top 10 highlights every taxpayer MUST know

Live Mint  

Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in the Lok Sabha on Thursday, 13 February. New Income Tax Bill 2025 tabled in Parliament. “Based on my cursory reading of the new income tax bill, I feel it is merely a good job of editing the existing Income Tax Act. 8) Taxes for cryptocurrency In Clauses 67 to …

BJP wins Delhi polls, Tax bonanza for middle class in Union Budget, RBI cuts repo rate, and more: The week in 5 charts
1 month, 2 weeks ago

BJP wins Delhi polls, Tax bonanza for middle class in Union Budget, RBI cuts repo rate, and more: The week in 5 charts

The Hindu  

BJP returns to power in Delhi after 26 years The BJP on Saturday returned to power in Delhi after more than 26 years to sweep away the Arvind Kejriwal-led Aam Aadmi Party with a two-thirds majority on the back of a hyper localised campaign. Union Budget: No income tax up to ₹12 lakh, tax slabs revised Finance Minister Nirmala Sitharaman …

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

NDA govt has left more money in the hands of middle class by lowering income tax: PM Modi
1 month, 3 weeks ago

NDA govt has left more money in the hands of middle class by lowering income tax: PM Modi

Live Mint  

New Delhi: Prime minister Narendra Modi on Tuesday said the income tax rationalization undertaken by the Centre in the last 10 years has left more money in the hands of the middle class. "In the last years, by lowering income tax we have increased the income of the middle class. Presenting the budget, finance minister Nirmala Sitharaman had said that …

ECONOMIC PERSPECTIVES | Budget 2025: Behind the BJP’s Plot to Consolidate the Middle Class Vote Bank
1 month, 3 weeks ago

ECONOMIC PERSPECTIVES | Budget 2025: Behind the BJP’s Plot to Consolidate the Middle Class Vote Bank

The Hindu  

Published : Feb 04, 2025 18:50 IST - 10 MINS READ If an element of surprise is the hallmark of a good budget, then Finance Minister Nirmala Sitharaman can pride herself on having won the day on February 1. This helped finance corporate tax concessions, some capital spending, and limited allocations for different welfare schemes linked to the ruling party …

When Will The New Income Tax Rates Come Into Effect?
1 month, 3 weeks ago

When Will The New Income Tax Rates Come Into Effect?

ABP News  

Finance Minister Nirmala Sitharaman announced a major income tax relief in her Budget 2025 speech on Saturday, stating that no tax will be payable on annual incomes up to Rs 12 lakh under the New Tax Regime. With the standard deduction of Rs 75,000, this effectively raises the tax-free income threshold to Rs 12.75 lakh for salaried individuals. Revised Tax …

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 …

5 key tax reforms for middle class introduced in Budget 2025
1 month, 3 weeks ago

5 key tax reforms for middle class introduced in Budget 2025

India Today  

The Union Budget 2025 presented by Finance Minister Nirmala Sitharaman on February 1, 2025, witnessed several key income tax reforms aimed especially at the middle class. REVISION OF INCOME TAX SLABS The government has proposed revisions to the tax slabs under the new regime: 0-4 lakh rupees: Nil 4-8 lakh rupees: 5% 8-12 lakh rupees: 10% 12-16 lakh rupees: 15% …

Karnataka: Tax cut for middle class a gimmick to divert India’s declining growth rate, says Rajeev Gowda
1 month, 3 weeks ago

Karnataka: Tax cut for middle class a gimmick to divert India’s declining growth rate, says Rajeev Gowda

The Hindu  

Former MP and chairman of All India Congress Committee’s research department, M.V. Rajeev Gowda, on Monday alleged that the announcement of tax cut for the middle class in the recent Union Budget was a gimmick to divert the country’s declining growth rate. Addressing presspersons here, Mr. Gowda said that despite raising the no-tax bracket to ₹12 lakh, the Budget failed …

Using a tax prod to goad the great Indian middle class
1 month, 3 weeks ago

Using a tax prod to goad the great Indian middle class

New Indian Express  

February 1 was a firecracker moment for the great Indian middle class. In her record 8th budget as finance minister, Nirmala Sitharaman announced a whole set of new income tax slabs, and a set of new tax rates that has India salivating. The government is proposing to sacrifice as much as Rs 1,00,000 crore in direct tax revenues, which would …

New income tax slabs: Check how much you'll save with these simple calculations
1 month, 3 weeks ago

New income tax slabs: Check how much you'll save with these simple calculations

India Today  

The Union Budget 2025 has introduced major changes to the new income tax regime, making it more attractive for salaried individuals. He also shared an example to show how the new tax regime changes will impact salaried taxpayers with incomes up to Rs 25 lakh: Kunal Savani, Partner, Cyril Amarchand Mangaldas, shared the new tax rates and slabs will benefit …

Tax Reforms In Budget 2025 Should Help Bring In Majority Of Taxpayers To New Income Tax Regime, Says CBDT Chairman
1 month, 3 weeks ago

Tax Reforms In Budget 2025 Should Help Bring In Majority Of Taxpayers To New Income Tax Regime, Says CBDT Chairman

ABP News  

CBDT Chairman, Ravi Agrawal, on Sunday said that revisions in the tax slabs should bring nearly all the individual taxpayers to the new income tax regime. Speaking in an interview with PTI, the Central Board of Direct Taxes executive said that the Budget 2025’s announcement of no tax on earnings up to Rs 12 lakh per annum should help the …

Tax Relief, Easier Regulations, And More Funds: How Budget 2025 Has Enhanced Affordable Housing
1 month, 3 weeks ago

Tax Relief, Easier Regulations, And More Funds: How Budget 2025 Has Enhanced Affordable Housing

ABP News  

By Neeraj K Mishra As we step into 2025, the national budget holds immense significance for various sectors of the economy, and perhaps none more so than real estate. However, the 2025 budget has presented a series of measures that could significantly reshape the landscape of affordable housing, benefiting millions of middle-class families across the country. Tax Relief and Salary …

Budget 2025 - A fine blend of tax reforms and growth
1 month, 3 weeks ago

Budget 2025 - A fine blend of tax reforms and growth

Live Mint  

Finance minister Nirmala Sitharaman has delivered a realistic and positive punch to keep the economy progressing, especially with a strong push to boost urban consumption, at a very crucial time of challenges globally and domestically. The fiscal deficit target was brought down by 40 basis points to 4.4% of gross domestic product when geopolitical headwinds, global uncertainties, depreciating rupee, slowdown …

Will income tax relief for middle class in Union Budget give leg up to BJP in Delhi polls?
1 month, 3 weeks ago

Will income tax relief for middle class in Union Budget give leg up to BJP in Delhi polls?

Firstpost  

In a big relief for the middle class, Union Finance Minister Nirmala Sitharaman said those earning an annual income of up to Rs 12 lakh do not have to pay income tax. Delhi BJP leaders have welcomed the tax relief in the Budget, saying it will boost the confidence of the middle class in the BJP. Speaking to PTI, Delhi …

Pandering to middle class
1 month, 3 weeks ago

Pandering to middle class

New Indian Express  

The Economic Survey 2025 has cautioned about the growing risks to sustaining high GDP growth rates, despite projecting a possible target of 6.3–6.8% for the coming year. Despite these concerns, the Economic Survey 2025 highlights the brighter aspects of the economy while recommending key government interventions amid geopolitical headwinds. Many have described the current tax regime as ‘tax terrorism’ — …

Tax axe budget prods people to spend more
1 month, 3 weeks ago

Tax axe budget prods people to spend more

New Indian Express  

NEW DELHI: a country is not just its soil, a country is its people—a famous line of Telugu poet and playwright Gurajada Appa Rao quoted by Finance Minister Nirmala Sitharaman in her speech—sums up the focus of Budget 2025-26. The middle class was the central focus of the Budget, which heralded a big income tax cut the demand for which …

Empowerment, growth, and tax relief: Economists cheer Union budget
1 month, 3 weeks ago

Empowerment, growth, and tax relief: Economists cheer Union budget

Hindustan Times  

Economists have lauded the Union Budget 2025 for providing substantial relief to middle-class income taxpayers, with hopes that the measures will stimulate economic growth and boost consumption. This tax relief is expected to enhance purchasing power, increasing consumption and ultimately stimulating economic activity.” He further noted that the resulting rise in demand could also encourage savings and investment, widening the …

Watch: Budget 2025 round-up: Bonanza for the middle class
1 month, 3 weeks ago

Watch: Budget 2025 round-up: Bonanza for the middle class

The Hindu  

Ahead of the Budget, there was an expectation that the government would provide some relief for the middle class, which has been stuck in a rut lately. FM Nirmala Sitharaman delivered a big announcement for this class -- in her Budget speech, she announced that there would be no income tax for incomes up to ₹12 lakh. The Finance Minister …

Tax relief and enhanced spending on infra and rural development to boost consumption: FMCG makers
1 month, 3 weeks ago

Tax relief and enhanced spending on infra and rural development to boost consumption: FMCG makers

Live Mint  

New Delhi, Feb 1 The proposed income tax relief for the middle class and increased investments for rural development will help to drive consumption and propel growth of the premium product market, leading FMCG and consumer goods makers said on budget proposals. Godrej Consumer Products Ltd Chief Financial Officer Aasif Malbari said Union Budget 2025 takes a balanced approach by …

Old vs new tax regime: How Budget 2025 alters your tax choices
Top News
1 month, 3 weeks ago

Old vs new tax regime: How Budget 2025 alters your tax choices

Firstpost  

Recognising the significant contributions of the middle class, the Government of India has consistently reduced their tax burden over the years Union Finance Minister Nirmala Sitharaman presented her eighth consecutive budget on February 1, 2025, making her the only finance minister in Indian history to achieve this milestone. As a strong commitment towards the middle class, the government has proposed …

Budget 2025: Income tax gains depend on your investments too. 6 scenarios explained
1 month, 3 weeks ago

Budget 2025: Income tax gains depend on your investments too. 6 scenarios explained

Firstpost  

Acknowledging the contribution of a young demography to the direct tax revenue and coming through on the promise made to the middle class taxpayers to leave more cash in hand, Union Finance Minister Nirmala Sitharaman proposed significant changes in the tax rates and slabs under the new tax regime. Here’s a comparative scenario on how much tax one will have …

New income tax slabs and more: The big Budget 2025 announcements, in graphics
1 month, 3 weeks ago

New income tax slabs and more: The big Budget 2025 announcements, in graphics

Firstpost  

Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. From a change in income tax slabs to a boost to IIT infrastructure, here are the major announcements of the Budget Union Finance Minister Nirmala Sitharaman addresses a post-budget press conference, in New Delhi, Saturday, February 1, 2025. PTI Finance Minister Nirmala Sitharaman …

‘Focus on wealth creation, win for middle class’: How experts see tax cut in Sitharaman’s Budget 2025
1 month, 3 weeks ago

‘Focus on wealth creation, win for middle class’: How experts see tax cut in Sitharaman’s Budget 2025

Firstpost  

After Union Finance Minister Nirmala Sitharaman proposed to make income up to Rs 12 lakh tax-free in the Budget 2025-26, among other measures, experts said it was a pro-growth budget that sought to focus on wealth creation for the middle class with eyes on triggering consumption-led growth A customer looks at consumable goods before buying them at a supermarket in …

Union Budget 2025: BJP finally speaks to middle class base, goodies for Bihar too
1 month, 3 weeks ago

Union Budget 2025: BJP finally speaks to middle class base, goodies for Bihar too

The Hindu  

Finance Minister Nirmala Sitharaman’s Budget speech was possibly the shortest she has delivered in her eight consecutive presentations, but it packed the strongest punch in terms of political implications, marking the possible return of the middle classes to the BJP fold. Union Budget 2025 LIVE updates Traditionally, the BJP has commanded the support of the middle class, but this key …

In economy's shifting sands, a budget to boost demand
1 month, 3 weeks ago

In economy's shifting sands, a budget to boost demand

Live Mint  

The Union budget presented by finance minister Nirmala Sitharaman on Saturday can be framed against two major shifts in the Indian economy. The latest budget numbers show that income tax is expected to account for ₹22 out of every ₹100 of receipts that will flow into the government treasury. The second major shift: In February 2021, the finance minister had …

Union Budget 2025 strengthens the middle class for a consumption-driven economy
Top News
1 month, 3 weeks ago

Union Budget 2025 strengthens the middle class for a consumption-driven economy

Live Mint  

The Union Budget 2025, presented by finance minister Nirmala Sitharaman, introduces key measures to strengthen India’s middle class. With a strong emphasis on tax relief, housing, employment, and infrastructure development, the budget aims to enhance financial security, boost demand, and propel India toward its vision of Viksit Bharat—a developed and economically empowered nation. Individuals earning up to ₹12 lakh annually …

India’s Budget 2025-26: Key Announcements, Tax Cuts, and Political Reactions
1 month, 3 weeks ago

India’s Budget 2025-26: Key Announcements, Tax Cuts, and Political Reactions

The Hindu  

Published : Feb 01, 2025 16:27 IST - 4 MINS READ Finance Minister Nirmala Sitharaman’s Budget 2025-26 attempts to balance economic priorities with electoral considerations. Agriculture takes centrestage, with an increased Rs.7 lakh cap on the subsidised Kisan Credit Card loans and targeted programmes for pulses, cotton, and makhana production. The government has also raised the subsidised Kisan Credit Card …

Budget 2025: Who benefits and who doesn’t
1 month, 3 weeks ago

Budget 2025: Who benefits and who doesn’t

Live Mint  

Mint brings you a special edition of Budget 2025, containing key takeaways, how it impacts various sectors, who benefits and who doesn’t, what’s costlier and what’s cheaper, and the big Budget numbers you should know. What the Budget Contains Tax Relief for Middle Class The finance minister exempted income up to ₹12 lakh a year from income tax, and lowered …

Why Budget 2025 has suddenly heeded to the harassed middle-class salaried taxpayer
1 month, 3 weeks ago

Why Budget 2025 has suddenly heeded to the harassed middle-class salaried taxpayer

Live Mint  

In a big announcement for the middle class during her budget speech, Union Finance Minister Nirmala Sitharaman gladdened the hearts of the influential if numerically smaller, white-collar class, a day after PM Narendra Modi’s invoked goddess Lakshmi’s special blessings for them. There will be no income tax payable up to ₹12 lakh--or up to ₹12.75 lakh, including standard deductions for …

What are the new income tax slabs introduced in Union Budget 2025? How much will you save now?
1 month, 3 weeks ago

What are the new income tax slabs introduced in Union Budget 2025? How much will you save now?

Firstpost  

In Budget 2025, Finance Minister Nirmala Sitharaman has announced changes to the income tax slabs in the new regime. No tax on income up to Rs 12 lakh While delivering her Budget speech, which was 74 minutes in duration, Finance Minister Nirmala Sitharaman announced that the government will raise the tax rebate limit in the new regime from Rs 7 …

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways
1 month, 3 weeks ago

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways

Hindustan Times  

Prime Minister Narendra Modi’s government presented an annual budget to Parliament on Saturday that focused on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing. In her budget speech, Finance Minister Nirmala Sitharaman said the government is focused on boosting private investment to strengthen growth, increasing funding in the agriculture sector and …

‘Force multiplier’, PM Modi hails Union Budget 2025, says ‘will fulfill dreams of 140 crore Indians’
Top News
1 month, 3 weeks ago

‘Force multiplier’, PM Modi hails Union Budget 2025, says ‘will fulfill dreams of 140 crore Indians’

Live Mint  

Budget 2025: Prime Minister Narendra Modi on Saturday lauded Union Budget 2025 as a ‘force multiplier’ and said, “The Viksit Bharat Budget 2025 reflects our Government’s commitment to fulfilling the aspirations of 140 crore Indians.” Hours after the Budget was presented by Union Finance Minister Nirmala Sitharaman, Prime Minister Modi hailed it as a “people’s Budget that will boost savings …

BJP Hails Budget For Income Tax Exemption, Opposition Says: 'Devil Is In Details'
1 month, 3 weeks ago

BJP Hails Budget For Income Tax Exemption, Opposition Says: 'Devil Is In Details'

ABP News  

The Bharatiya Janata Party hailed the Union Budget 2025-26 after Union Finance Minister Nirmala Sitharaman announced income tax exemption for salaried people upto Rs 12.75 lakh. Union Home Minister Amit Shah said the "middle class is always in PM Modi's heart." Uttarakhand Chief Minister Pushkar Singh Dhami called the announcement a "big gift" for the middle class. Thanks for this …

Budget 2025: Significant Tax Cuts and Reforms to Empower Middle Class and Boost Economy | ABP NEWS
1 month, 3 weeks ago

Budget 2025: Significant Tax Cuts and Reforms to Empower Middle Class and Boost Economy | ABP NEWS

ABP News  

The recent Indian Union Budget presented by Finance Minister Nirmala Sitharaman brings significant tax relief to the middle class. For those earning between ₹12 lakh and ₹16 lakh, the tax rate will be 15%, and it increases incrementally for higher income brackets, with a maximum of 30% for incomes above ₹24 lakh. Key announcements include opening the atomic energy sector …

Revised Income Tax Slabs: How much money will you save in the new regime post Budget 2025? Here’s the math
1 month, 3 weeks ago

Revised Income Tax Slabs: How much money will you save in the new regime post Budget 2025? Here’s the math

Live Mint  

Budget 2025 Income Tax Changes: Finance Minister Nirmala Sitharaman proposed sweeping tax reforms for the middle class in the Budget 2025. From zero tax on income of up to ₹12 lakh to cutting the income tax rates proposed in the new tax regime, Budget 2025 came as a much needed relief for the taxpayers. Budget 2025: Proposed income tax rates …

Budget 2025: Middle Class Wins Big in 2025 Budget with Tax Cuts | ABP NEWS
1 month, 3 weeks ago

Budget 2025: Middle Class Wins Big in 2025 Budget with Tax Cuts | ABP NEWS

ABP News  

The 2025 budget has brought significant relief for the middle class, exceeding expectations. Finance Minister Nirmala Sitharaman announced substantial tax benefits, making the new tax regime more favorable compared to the old one. Unlike the old tax regime, which required various investment avenues for tax exemptions, the new regime directly puts money in the pocket of taxpayers without requiring additional …

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

Budget 2025: Budget Offers Big Tax Breaks for Middle Class, Says Jyotiraditya Scindia | ABP NEWS
1 month, 3 weeks ago

Budget 2025: Budget Offers Big Tax Breaks for Middle Class, Says Jyotiraditya Scindia | ABP NEWS

ABP News  

The recent budget offers substantial tax relief to the middle class, with exemptions up to 12 lakh rupees and income tax reductions for high earners, ranging from 40% to 25%. By providing tax relief, the government encourages the middle class to invest in skills development, adopt technologies like AI, and contribute to the entrepreneurial ecosystem. This unprecedented tax relief, which …

New income tax slabs released in Budget for FY 2025-26 | Check full details
1 month, 3 weeks ago

New income tax slabs released in Budget for FY 2025-26 | Check full details

Hindustan Times  

New Income Tax Slabs: Union finance minister Nirmala Sitharaman on Saturday presented the Union Budget 2025-2026 in the Parliament and introduced a massive relief for income tax payers. New Income Tax Slabs: The revised tax structure requires individuals with an income above ₹ 24 lakh to pay 30 per cent income tax. New Income Tax Slabs - Existing vs Revised …

Here’s exactly what FM said about income tax cut for salaried middle class. Read full text
1 month, 3 weeks ago

Here’s exactly what FM said about income tax cut for salaried middle class. Read full text

Live Mint  

Union Budget 2025: Union Finance Minister Nirmala Sitharaman, in a major Budget announcement, said that there will be no income tax for salaried taxpayers with income up to ₹12 lakh. New Income Tax Slabs in Budget 2025: Income Tax ₹ 0- ₹ 4 lakh Nil ₹ 4- ₹ 8 lakh 5 per cent ₹ 8- ₹ 12 lakh 10 per …

Happy With Income Tax Announcements In Budget 2025? Here's How Much It Will Cost Centre
1 month, 3 weeks ago

Happy With Income Tax Announcements In Budget 2025? Here's How Much It Will Cost Centre

ABP News  

Finance Minister Nirmala Sitharaman has unveiled significant tax relief for the salaried class under the new income tax regime. Announcing a major change, she stated that individuals with an income of up to Rs 12 lakh will be exempt from paying any income tax, excluding special rate incomes like capital gains. Slab Rate Changes Bring Relief In addition to the …

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

‘No income tax up to ₹12 lakh’: Middle class erupts in joy at Nirmala Sitharaman's Budget bonanza
1 month, 3 weeks ago

‘No income tax up to ₹12 lakh’: Middle class erupts in joy at Nirmala Sitharaman's Budget bonanza

Hindustan Times  

Nirmala Sitharaman, in her Budget speech, said there would be “no income tax payable till income of ₹12 lakh.” The announcement prompted a wave of joy among the middle-class salaried population, and as expected, many took to social media to share their happiness about the “big relief.” Union Finance Minister Nirmala Sitharaman presents the Union Budget 2025-26 in the Lok …

NO income tax till ₹12 lakh: A look at the new tax slabs vs. current tax slabs
1 month, 3 weeks ago

NO income tax till ₹12 lakh: A look at the new tax slabs vs. current tax slabs

Live Mint  

Union Finance Minister Nirmala Sitharaman delivered her eight consecutive Union Budget at 11 am on Saturday, February 1, 2025. Revised income tax slabs under the new tax regime New tax slab New tax rates Old tax slab Old tax rate 0-4 lakh Nil 0-3 lakh rupees Nil 4-8 lakh 5 per cent 3-7 lakh rupees 5 per cent 8-12 lakh …

Relief for middle class: No tax on income up to ₹12 lakh in new tax regime
Top News
1 month, 3 weeks ago

Relief for middle class: No tax on income up to ₹12 lakh in new tax regime

Live Mint  

Finance Minister Nirmala Sitharaman gave taxpayers a big relief in Union Budget 2025-26 by making income up to ₹12 lakh tax-free from ₹7 lakh earlier. "To tax payers upto ₹12 lakh of normal income tax rebate is being provided in addition to the benefit due to slab rate reduction in such a manner that there is no tax payable by …

Relief for middle class: No tax on income up to ₹12 lakh in new tax regime
Top News
1 month, 3 weeks ago

Relief for middle class: No tax on income up to ₹12 lakh in new tax regime

Live Mint  

Finance Minister Nirmala Sitharaman gave taxpayers a big relief in Union Budget 2025-26 by making income up to ₹12 lakh tax-free from ₹7 lakh earlier. "To tax payers upto ₹12 lakh of normal income tax rebate is being provided in addition to the benefit due to slab rate reduction in such a manner that there is no tax payable by …

India's Budget 2025: Will the 2025 Budget Offer Relief to the Middle Class? | ABP NEWS
1 month, 3 weeks ago

India's Budget 2025: Will the 2025 Budget Offer Relief to the Middle Class? | ABP NEWS

ABP News  

India's 2025 budget process reflects the government's continued focus on economic growth and structural reforms. There is also a continued focus on agriculture, labor reforms, and strengthening the capital expenditure framework to ensure long-term growth. Additionally, the government’s commitment to rural economies and small-scale industries remains strong, aligning with the push for textile sector reforms and regional economic development. This …

India's Budget 2025: Rural Focus, Tax Relief, and Key Infrastructure Announced | ABP NEWS
1 month, 3 weeks ago

India's Budget 2025: Rural Focus, Tax Relief, and Key Infrastructure Announced | ABP NEWS

ABP News  

The Union Budget 2025, the second under the Modi government 3.0, is being presented today by Finance Minister Nirmala Sitharaman at 11 AM in the Lok Sabha. Prime Minister Narendra Modi hinted at initiatives benefiting the poor, middle class, and women, fueling hope among these groups. The middle class, in particular, anticipates tax relief, with speculations that income tax slabs …

Union Budget 2025: Why salaried and middle- class taxpayers have sky-high expectations – Top 3 points
1 month, 3 weeks ago

Union Budget 2025: Why salaried and middle- class taxpayers have sky-high expectations – Top 3 points

Live Mint  

Union Budget 2025: As India prepares for Finance Minister Nirmala Sitharaman's budget speech, the salaried and middle class is keeping its hopes high, expecting relief in income tax slabs and tweaks in standard deduction, according to multiple media reports. Focus on tax slabs, reforms and simplification For quite some time now, the salaried and middle class has been expecting relief …

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