Budget 2025: Ex-Infosys CFO Mohandas Pai seeks income tax slab rethink, says ‘middle class upset due to tax terrorism’
1 month, 3 weeks ago

Budget 2025: Ex-Infosys CFO Mohandas Pai seeks income tax slab rethink, says ‘middle class upset due to tax terrorism’

Live Mint  

Former Infosys CFO TV Mohandas Pai highlighted the growing burden on the middle class due to rising inflation, increasing EMIs, and escalating education costs. "The middle class is very angry and upset over high taxes and poor quality of life," Pai said, as he sought income tax relief in Union Budget 2025. Watch full interview here Key takeaways from Mohandas Pai's interview Complexity of income tax slabs: Pai criticises the increasing complexity of tax slabs. "Tax Terrorism": Pai alleges that tax authorities are engaging in "tax terrorism," Increasing EMIs: Higher interest rates lead to increased loan repayments, strain disposable income.

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History of this topic

A Federal Dilemma: How The New Income Tax Bill 2025 Threatens State Revenues And Fiscal Autonomy
1 week, 2 days ago

A Federal Dilemma: How The New Income Tax Bill 2025 Threatens State Revenues And Fiscal Autonomy

Live Law  

The New Income Tax Bill 2025 is regarded as a significant reform intended to streamline tax systems and enhance compliance. This article critically examines how the New Income Tax Bill 2025 jeopardizes fiscal federalism, the growing dependence on non-divisible surcharges and levies, and the potential risks states may soon face with diminishing financial strength and reduced fiscal autonomy. Although the …

India’s new income tax bill: It’s more concise and makes for a friendly tax law
1 month, 1 week ago

India’s new income tax bill: It’s more concise and makes for a friendly tax law

Live Mint  

The Income Tax Bill 2025 marks a significant step towards modernizing India’s tax framework, aiming to simplify compliance and enhance efficiency. By streamlining tax provisions, reducing redundancies, and introducing clearer legislative language, the Bill seeks to address long-standing complexities in the tax law. Tax simplifications and rationalization: The Bill introduces several key changes aimed at easing tax compliances and reducing …

India’s Income Tax Bill sets the stage for significant reforms
1 month, 1 week ago

India’s Income Tax Bill sets the stage for significant reforms

Live Mint  

The Income Tax Act of 1961 has undergone innumerable amendments since its inception. We have an outdated Income Tax Act, burdened with obsolete provisions and a cumbersome structure, especially in the context of economic liberalization, which reduced the government’s role in the economy. Given that the Centre has undertaken major reforms in recent years—introducing a new Companies Act, overhauling civil …

New Income Tax Bill 2025 PDF: Here's Quick Access To Official Link, Top Highlights For You
1 month, 1 week ago

New Income Tax Bill 2025 PDF: Here's Quick Access To Official Link, Top Highlights For You

ABP News  

New Income Tax Bill: The much-anticipated Income Tax Bill, 2025, was introduced in Parliament today, marking a major effort to streamline the language and structure of the existing Income-tax Act, 1961. New Income Tax Bill PDF Download LINK For keen researchers, the Income Tax Bill, 2025, is available for the public on the official sansad.in website. Here's how you can …

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 …

Income Tax Bill 2025: What’s new, what may change, and what we can expect?
1 month, 3 weeks ago

Income Tax Bill 2025: What’s new, what may change, and what we can expect?

Live Mint  

An important piece of law – encapsulating 298 sections – which determines the major sources of income for the fifth largest economy in the world was passed in 1961. In the next 64 years, the Income Tax Act has undergone a flurry of changes almost every year. Over these years, the Income Tax Act has undergone so many revisions that …

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 …

Old tax regime: Time to let go after Budget 2025 changes?
1 month, 3 weeks ago

Old tax regime: Time to let go after Budget 2025 changes?

India Today  

The Union Budget 2025 introduced major changes to the new income tax regime, making it more attractive for middle-class taxpayers. NEW TAX REGIME vs OLD TAX REGIME In the past, many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home loan interest, and investments in schemes like the Public Provident …

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% …

Budget 2025: Tax revenue assumptions seem somewhat optimistic
1 month, 3 weeks ago

Budget 2025: Tax revenue assumptions seem somewhat optimistic

New Indian Express  

The Union Budget for FY2026 attempts to strike a balance between supporting economic activity and fiscal consolidation, which is quite commendable given India’s current macroeconomic situation and the uncertain global environment. The Government’s assumption of 13.1% expansion in income tax collections in FY2026 is quite substantial, in light of the tax cuts, which are expected to lead to a revenue …

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 …

Budget 2025 overlooks joblessness
Trending News
1 month, 3 weeks ago

Budget 2025 overlooks joblessness

The Hindu  

The previous Budget, presented in July 2024 after the Lok Sabha election, had accorded priority to employment and skill development, given the nature of the election mandate. Among centrally The Finance Minister has sought to counterbalance the deflationary impact of these expenditure cuts by enhancing the annual rebate for income tax payers from ₹7 lakh to ₹12 lakh from 2025-26. …

How Union Budget 2025 has seen the biggest tax break in 20 years
1 month, 3 weeks ago

How Union Budget 2025 has seen the biggest tax break in 20 years

Firstpost  

The Union Budget 2025-26 has delivered the largest tax exemption hike in two decades, allowing individuals earning up to Rs 12 lakh annually to pay zero income tax under the new regime. Under the new tax regime, individuals earning up to Rs 12 lakh annually will have zero income tax liability, marking a major relief for the salaried middle class. …

How Union Budget 2025 has seen the biggest tax break in 20 years
1 month, 3 weeks ago

How Union Budget 2025 has seen the biggest tax break in 20 years

Firstpost  

The Union Budget 2025-26 has delivered the largest tax exemption hike in two decades, allowing individuals earning up to Rs 12 lakh annually to pay zero income tax under the new regime. Under the new tax regime, individuals earning up to Rs 12 lakh annually will have zero income tax liability, marking a major relief for the salaried middle class. …

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 …

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’ — …

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

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 …

​Hope in the time of desperation: On the Union Budget 2025
1 month, 3 weeks ago

​Hope in the time of desperation: On the Union Budget 2025

The Hindu  

The Union Budget 2025-26 seeks to address specific issues plaguing the Indian economy — flagging domestic demand, sluggish private investment and tepid wage growth leading to a slowdown in meaningful GDP growth. Also, there has been a clamour for relief from among direct tax-paying middle-class sections, who have had to cope with both rising inflation and indirect goods and service …

Union Budget 2025: Tax bonanza for middle class
Trending News
1 month, 3 weeks ago

Union Budget 2025: Tax bonanza for middle class

The Hindu  

If your car is sputtering, and a faulty fading battery appears to be the cause, the only immediate alternative is to try and jumpstart it by hooking it up with another running car. Finance Minister Nirmala Sitharaman sought to do just that on Saturday with her Union Budget for 2025-26 — jumpstart slowing economic activity with a significant ₹1 lakh …

Budget Reactions: Yadav, Sai hail budget, say it will realize commitment of developed India
1 month, 3 weeks ago

Budget Reactions: Yadav, Sai hail budget, say it will realize commitment of developed India

Deccan Chronicle  

Bhopal: Madhya Pradesh chief minister Mohan Yadav on Saturday hailed the Union budget for 2025-26 presented in the parliament, saying that it would fulfil the commitments of the developed India, given by Prime Minister Narendra Modi. Taking to X, he said, “The Union budget 2025-26 presented by Finance Minister Nirmala Sitharaman under the guidance of respected Prime Minister Narendra Modi …

Budget 2025: Was this a death knell for the old tax regime?
1 month, 3 weeks ago

Budget 2025: Was this a death knell for the old tax regime?

Live Mint  

Budget 2025: Union Finance Minister Nirmala Sitharaman announced the revision of tax slabs for taxpayers under the new tax regime. The tax slab rates under the old tax regime are as follows: Slab Tax 0-2.5 lakh NIL 2.5 to 5 lakh 5% 5 lakh to 10 lakh 20% Above 10 lakh 30% Now imagine someone who earns ₹12 lakh is …

Budget will boost the rise of aspirational India: Capt. Brijesh Chowta
1 month, 3 weeks ago

Budget will boost the rise of aspirational India: Capt. Brijesh Chowta

The Hindu  

Dakshina Kannada Member of Parliament Capt. Brijesh Chowta on Saturday, February 1, termed the Union Budget 2025 as a comprehensive, compassionate one that will fuel aspirations, empower dreams and make Bharat even more conducive for growth. Chowta in a statement said the Budget would boost the rise of aspirational India, with a host of measures announced to aid ease of …

Rent TDS relief, easier NSS withdrawals: How Budget 2025 will benefit senior citizens
1 month, 3 weeks ago

Rent TDS relief, easier NSS withdrawals: How Budget 2025 will benefit senior citizens

Firstpost  

Finance Minister Nirmala Sitharaman’s eighth Union Budget 2025 focused on easing some financial worries of senior citizens. The tax deduction limit on interest income for them has been doubled from Rs 50,000 to Rs 1 lakh and withdrawals from National Savings Scheme will be exempted from taxes The Budget 2025 not only focused on youth but also on easing elderly …

Budget 2025: Middle-class jackpot! Who saves the most under the new tax regime?
1 month, 3 weeks ago

Budget 2025: Middle-class jackpot! Who saves the most under the new tax regime?

Live Mint  

Budget 2025: Any individual earning ₹12 lakh will pay zero tax in 2025-26, against ₹80,000 she has to pay in the current financial year, if she chooses the new tax regime to file her returns. Her colleague Viraj earns ₹18 lakh annually, and he, too, will see his tax liability drop with the new tax regime. Ankita will get a …

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 …

Union Budget 2025: A responsive Budget that banks on India
Trending News
1 month, 3 weeks ago

Union Budget 2025: A responsive Budget that banks on India

The Hindu  

The Union Finance Minister has delivered a growth-oriented budget that reaffirms the government’s commitment to attain the larger purpose of ‘Viksit Bharat’, with progressive policies to step up domestic consumption while driving long-term transformation. Union Budget 2025 industry reactions highlights The single most important highlight of this Budget is the increase in income tax exemption to ₹12 lakh, which will …

New income tax slabs and more: The big Budget 2025 announcements, in graphics
Trending News
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 Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. Here’s a quick look at …

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 …

Middle class jackpot! Who saves the most under the new tax regime?
1 month, 3 weeks ago

Middle class jackpot! Who saves the most under the new tax regime?

Hindustan Times  

Income Tax Slabs and Rates – FY 2024-25, AY 2025-26: Union finance minister Nirmala Sitharaman, the Budget 2025, announced on Saturday that annual income of up to ₹12 lakh will be exempt from Income Tax under the new regime. “The revamped tax slabs under the new tax regime as introduced by the Finance Bill 2025, aim to provide significant relief …

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

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

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 …

Your Budget 2025 Guide: Income tax slabs, rates, and key benefits. All your queries answered
1 month, 3 weeks ago

Your Budget 2025 Guide: Income tax slabs, rates, and key benefits. All your queries answered

Live Mint  

Your Budget 2025 Guide: Under the new income tax slabs announced by Finance Minister Nirmala Sitaraman, income up to ₹12 lakh will be tax-free. Up to ₹4 lakh - 0 per cent ₹4-8 lakh - 5 per cent ₹8 12 lakh - 10 per cent ₹12-16 lakh - 15 per cent ₹16-20 lakh - 20 per cent ₹20-24 lakh - …

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 …

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

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 …

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