Budget 2025: Why the government is reluctant to reduce personal income tax
1 month, 3 weeks ago

Budget 2025: Why the government is reluctant to reduce personal income tax

Hindustan Times  

The NDA government led by Prime Minister Narendra Modi has not made any major changes to the personal income tax laws since it took office in May 2014, much to the disappointment of many taxpayers. Personal income tax provides significant and steady revenues to the government. The new tax regime offers lower tax rates for forgoing various deductions and rebates for interest paid on housing loans, investment in social security instruments and expenses on child education. Offsetting inflation impact Advisor to Assocham’s National Council on Direct Tax Rahul Garg who was previously with a Big 4 auditing and consulting firm explains the income tax rates need to be changed if the common man is under stress because of the income tax.

Inflation Taxes Income Garg Revenues Tax Revenues Personal Income Tax Tax Paid  revenues  inflation  reduce  taxes  personal  budget  various  taxpayers  reluctant  food  income  2025  regime  tax  paid

History of this topic

A Federal Dilemma: How The New Income Tax Bill 2025 Threatens State Revenues And Fiscal Autonomy
6 days, 18 hours 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 …

New Income Tax Bill: Simpler, lighter and future-ready
1 month, 1 week ago

New Income Tax Bill: Simpler, lighter and future-ready

Live Mint  

The long-awaited bill for the new tax code was tabled in Parliament on Thursday. The bill fulfills the finance minister's commitment to provide an income tax law that is straightforward for both taxpayers and tax administrators, aiming to establish tax certainty and reduce litigation. As promised, on the first flush, the new income tax bill is direct in text, replacing …

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 …

Income Tax Bill 2025: What’s new, what may change, and what we can expect?
1 month, 2 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 …

When Will The New Income Tax Rates Come Into Effect?
1 month, 2 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 …

Budget 2025: Tax revenue assumptions seem somewhat optimistic
1 month, 2 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 …

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 …

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 …

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 …

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 …

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 …

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 …

Budget 2025: 3 big changes you can expect in new tax regime today
1 month, 3 weeks ago

Budget 2025: 3 big changes you can expect in new tax regime today

India Today  

Some major changes to the new income tax regime may be announced by Finance Minister Nirmala Sitharaman in the Budget 2025 to make it more attractive for taxpayers. Experts across various sectors are optimistic that the Finance Minister will introduce major measures in the new tax regime to ease the burden on the middle class. HIGHER REBATE UNDER SECTION 87A …

Budget 2025: PM Modi says tax rebate will provide big benefit to middle class
1 month, 3 weeks ago

Budget 2025: PM Modi says tax rebate will provide big benefit to middle class

Hindustan Times  

Income tax slabs live: People watch the presentation of Union Budget 2025-26 on television screens at a showroom, in Gurugram, Saturday, Feb. 1, 2025. Income Tax Slabs | Budget 2025: In a major announcement, Union finance minister Nirmala Sitharaman on Saturday said that under the new tax regime, there will be zero income tax up to an annual income of …

Budget 2025: PM Modi says tax rebate will provide big benefit to middle class
1 month, 3 weeks ago

Budget 2025: PM Modi says tax rebate will provide big benefit to middle class

Hindustan Times  

Income tax slabs live: People watch the presentation of Union Budget 2025-26 on television screens at a showroom, in Gurugram, Saturday, Feb. 1, 2025. Income Tax Slabs | Budget 2025: In a major announcement, Union finance minister Nirmala Sitharaman on Saturday said that under the new tax regime, there will be zero income tax up to an annual income of …

Budget 2025: Here are the new Income Tax slabs
1 month, 3 weeks ago

Budget 2025: Here are the new Income Tax slabs

India Today  

In a major relief for middle-class taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced that individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime. I am now happy to announce that there will be no income tax up to an income of Rs 12 lakh," Sitharaman said while …

How 2025 Budget's income-tax bonanza will ease the middle-class squeeze
1 month, 3 weeks ago

How 2025 Budget's income-tax bonanza will ease the middle-class squeeze

India Today  

Finance minister Nirmala Sitharaman has announced major personal income tax reforms in Budget 2025 with a special focus on the middle class to increase disposable incomes and thereby boost consumption. The New Delhi-based think-tank People Research on India’s Consumer Economy describes middle-class households as those with annual salary between Rs 6 lakh and Rs 36 lakh, and representing 38 per …

How Budget 2025 targets consumption to boost overall growth
1 month, 3 weeks ago

How Budget 2025 targets consumption to boost overall growth

India Today  

The Narendra Modi government had been under immense pressure to boost consumption, a critical pillar of the economy, to drive growth. Under the New Tax Regime announced in 2023, those with an annual income of up to Rs 7 lakh did not have to pay taxes due to the rebates. A taxpayer in the New Tax Regime with an annual …

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 …

Budget 2025: 5 top expectations of middle class from new tax regime
1 month, 3 weeks ago

Budget 2025: 5 top expectations of middle class from new tax regime

India Today  

The new tax regime was announced in Budget 2020 to simplify the tax structure, ensuring taxpayers benefit from lower rates. RAISING BASIC EXEMPTION LIMIT Currently, the basic exemption limit under the new tax regime is Rs 3,00,000. The government may consider extending the tax benefits under the new regime, which otherwise is already included in the old tax regime. Expectations …

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

What's on the cards in Budget 2025: Income tax relief, farmer credit, insurance push
1 month, 3 weeks ago

What's on the cards in Budget 2025: Income tax relief, farmer credit, insurance push

Live Mint  

The Budget 2025, set to be presented on Saturday, will be keenly watched. Union Finance Minister Nirmala Sitharaman may announce income tax relief, take steps to enhance insurance coverage, and offer credit support to farmers, among other measures. Steady spending Even as the government has struggled to maintain the pace of capital expenditure in the current fiscal year, the Budget …

Budget 2025: Will government raise basic exemption limit and cut income tax?
1 month, 3 weeks ago

Budget 2025: Will government raise basic exemption limit and cut income tax?

India Today  

Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, and one of the most awaited announcements will be the tax relief measures for salaried individuals and middle-class taxpayers. Experts believe the budget could bring changes in income tax slabs, raise the basic exemption limit, and deductions under the new tax regime, and deadlines for tax filing, …

Budget 2025: Can tax relief be on the horizon for middle-class taxpayers?
1 month, 3 weeks ago

Budget 2025: Can tax relief be on the horizon for middle-class taxpayers?

Live Mint  

The Union Budget 2025 is just around the corner, and taxpayers are keeping a close watch. Over the years, the middle class has shouldered a big part of the tax burden, with individual tax collections doubling from ₹4.8 lakh crore in FY21 to ₹10.4 lakh crore in FY24. Here’s what’s expected: Section 80C: Increasing the limit from ₹ 1.5 lakh …

Budget 2025: 3 income tax changes by FM Nirmala Sitharaman that could benefit the middle class
1 month, 3 weeks ago

Budget 2025: 3 income tax changes by FM Nirmala Sitharaman that could benefit the middle class

Live Mint  

Budget 2025: Middle-class income taxpayers are looking forward to possible revisions that could provide much-needed relief. In her eighth straight union budget, will Finance Minister Nirmala Sitharaman make announcements that will majorly impact the middle class by increasing their disposable incomes and promoting long-term financial growth? 3 income tax changes by FM Sitharaman that could benefit the middle class 1)Standard …

Income Tax Budget 2025: Will Nirmala Sitharaman offer solace to taxpayers with higher exemption limits, revised slabs?
1 month, 3 weeks ago

Income Tax Budget 2025: Will Nirmala Sitharaman offer solace to taxpayers with higher exemption limits, revised slabs?

Live Mint  

Income Tax Budget 2025: The Union Budget in July 2024 disappointed individual taxpayers with limited changes. 1) Income tax slabs Reports suggest that the government may raise the tax-free annual income limit to ₹10 lakh, offering relief to the salaried class and revitalising the economy. In light of these complexities, the upcoming Budget should focus on simplifying the tax structure …

Budget 2025: 5 reasons why government should announce income tax relief
1 month, 3 weeks ago

Budget 2025: 5 reasons why government should announce income tax relief

India Today  

The wait for the Union Budget 2025 is almost over, and as always, tax relief is the top demand among citizens. Here’s why the government must seriously consider tax relief in this budget: GDP GROWTH SLOWDOWN India’s GDP is projected to grow at 6.4% in 2024-25, which is the slowest pace in four years. INFLATION STILL HAUNTING HOUSEHOLDS Sustained high …

Budget 2025: Does it make sense to have a unified tax slab?
1 month, 3 weeks ago

Budget 2025: Does it make sense to have a unified tax slab?

India Today  

With rising expectations from Budget 2025 on tax reforms and policies, one of the most debated topics is whether there should be a unified tax regime across the country. Hence, experts believe that taking the best of both the tax regimes and introducing a unified tax regime would benefit the taxpayers. Deepashree Shetty, Partner, Global Employer Services, Tax & Regulatory …

Budget 2025: 5 big tax changes every taxpayer is hoping for
1 month, 3 weeks ago

Budget 2025: 5 big tax changes every taxpayer is hoping for

India Today  

Taxpayers, especially the salaried class, are anticipating several tax changes in the upcoming budget, which would help in easing their financial burden to some extent. Aakash Uppal, Partner & Leader, Corporate Tax, Tax and Regulatory Services, BDO India mentioned that individuals with annual earnings up to Rs 7 lakh are exempt from paying taxes under the new tax regime. “The …

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 …

Tax relief, more jobs: What the common Indian expects from Union Budget 2025
1 month, 3 weeks ago

Tax relief, more jobs: What the common Indian expects from Union Budget 2025

Firstpost  

Union Finance Minister Nirmala Sitharaman will present her eighth straight budget on Saturday. From tax relief and job creation, here’s what the middle-class will be seeking in this financial plan Union Finance Minister Nirmala Sitharaman is set to present her eighth consecutive budget on Saturday. If the government reduces tax rates for smaller taxpayers, it could lead to higher disposable …

Budget 2025: Top 10 income tax changes that middle class wants from Finance Minister Nirmala Sitharaman
Trending News
1 month, 3 weeks ago

Budget 2025: Top 10 income tax changes that middle class wants from Finance Minister Nirmala Sitharaman

Live Mint  

As the Union Budget 2025 draws near, there’s a growing buzz about potential changes in Income Tax policies for the common man. Experts have offered several recommendations focusing on significant changes to personal income tax, specific tax areas like EVs and crypto, housing benefits, savings incentives, and more. Here’s a list of income tax reforms that the middle class can …

Budget 2025 expectations highlights: Tax reforms, industry incentives and more
1 month, 3 weeks ago

Budget 2025 expectations highlights: Tax reforms, industry incentives and more

Hindustan Times  

Jan 27, 2025 1:31 PM IST Budget 2025 expectations LIVE updates: Vivek Jalan, Partner at Tax Connect Advisory Services LLP said the following on taxation: "Personal Tax : Scrapping of the Old Regime totally and rationalising the Income Tax slabs under the new regime – It is a fact that today under the new tax regime, Income Tax has become …

Budget 2025: 5 top middle-class expectations for tax relief and savings growth
1 month, 3 weeks ago

Budget 2025: 5 top middle-class expectations for tax relief and savings growth

India Today  

Finance Minister Nirmala Sitharaman is just a few weeks away for tabling Budget 2025 and there is a growing anticipation amongst the middle class regarding the announcement of policies and measures by the government to curb inflation, increase purchasing power and ease financial burden. “Taxes for individuals in the Rs 3 lakh – Rs 7 lakh tax slab under the …

Budget 2025: Is government considering tax-free income up to Rs 10 lakh?
2 months ago

Budget 2025: Is government considering tax-free income up to Rs 10 lakh?

India Today  

With a growing buzz around income tax announcements in the Union Budget 2025, there are chances that the government may introduce two important proposals that could provide relief to the salaried class. Annual income up to Rs 10 lakh could become tax-free, and a new 25% tax slab may be announced for incomes ranging from Rs 15–20 lakh, reported Business …

Budget 2025 | Why cutting income tax could be a win-win for the government
2 months ago

Budget 2025 | Why cutting income tax could be a win-win for the government

Live Mint  

Finance minister Nirmala Sitharaman’s eighth union budget, set to be presented on 1 February, provides a critical opportunity to boost Indian economy's slowing consumption momentum through income tax cuts. Read this | Budget 2025's top priorities: Farmers, small businesses, consumption, and jobs Cutting income tax rates to address slowing consumption, however, presents a dilemma. While income tax cuts could impact …

Budget 2025: How government can provide relief to taxpayers
2 months ago

Budget 2025: How government can provide relief to taxpayers

India Today  

The Union Budget 2025 is just around the corner, and there are high expectations from citizens related to income tax relief. Though experts had earlier told IndiaToday.in that major tax relief measures are unlikely in the budget, taxpayers are still hoping for some incremental changes that will boost disposable income, given the fact that the government is also looking to …

Budget 2025: FM Nirmala Sitharaman may propose new Income Tax Act. Key changes to expect
2 months ago

Budget 2025: FM Nirmala Sitharaman may propose new Income Tax Act. Key changes to expect

Live Mint  

Budget 2025: Finance Minister Nirmala Sitharaman, in the Union Budget 2024, had proposed to revamp the Income Tax Act, 1961, to make it concise and easier to understand. It is expected that in the upcoming budget session on February 1, a new Income Tax Act may be proposed. The government may introduce the certain changes in the Income Tax Act …

Budget 2025: Big relief for taxpayers? Government likely to introduce new Income Tax Bill, say sources
2 months ago

Budget 2025: Big relief for taxpayers? Government likely to introduce new Income Tax Bill, say sources

India TV News  

The government will introduce a new income tax bill in the upcoming Parliament budget in a major move to simplify India’s tax system, it was quoted as saying by news agency PTI. Finance Minister Nirmala Sitharaman had announced a comprehensive review of the Income Tax Act in her July 2024 budget speech and promised to revamp the law in six …

Govt Expected To Announce Personal Income Tax Relief In Budget 2025: ICRA
2 months ago

Govt Expected To Announce Personal Income Tax Relief In Budget 2025: ICRA

ABP News  

Budget 2025: The government is likely to offer some relief to personal income taxpayers in the Union Budget for FY2026, according to an ICRA report. ICRA stated, "While there may be some tax relief to personal income taxpayers in the Budget, ICRA believes that its impact on revenues is unlikely to be material, to ensure stable and predictable tax flows …

Centre likely to announce personal income tax relief in upcoming Budget 2025: ICRA
2 months ago

Centre likely to announce personal income tax relief in upcoming Budget 2025: ICRA

India TV News  

Budget 2025: The government is expected to provide some relief to personal income taxpayers in the Union Budget for FY2026, according to a report by ICRA. It said "While there may be some tax relief to personal income taxpayers in the Budget, ICRA believes that its impact on revenues is unlikely to be material, to ensure stable and predictable tax …

Budget 2025: Why govt needs to put more money in hands of people
2 months, 1 week ago

Budget 2025: Why govt needs to put more money in hands of people

India Today  

Rising inflation has been significantly constricting the spending power of Indians and casting a ripple effect on the economy, a reality experts will expect finance ministry bureaucrats to factor into the upcoming Union Budget 2025. “The Union Budget 2025 should consider a cut in personal income tax rates to boost consumer sentiment and spending,” says Sinha. Bhatia, managing director at …

Budget 2025: What is joint taxation for married couples?
2 months, 1 week ago

Budget 2025: What is joint taxation for married couples?

India Today  

Union Budget 2025 could mark a groundbreaking shift in taxation with the potential introduction of a joint taxation system for married couples. The Institute of Chartered Accountants of India has proposed allowing couples to file income tax returns jointly under the New Tax Regime, providing relief to families with sole breadwinners and incentivising better tax compliance. Under this scheme, the …

Budget 2025: Higher exemption limit and lower tax rates? Check top expectations
Trending News
2 months, 2 weeks ago

Budget 2025: Higher exemption limit and lower tax rates? Check top expectations

India Today  

The Union Budget 2025-26, scheduled for presentation on February 1, is already generating buzz with expectations of key reforms in the income tax structure. HIGHER TAX EXEMPTION LIMIT Subhash Chand Aggarwal, CMD of SMC Global Securities, predicts further relief for individuals earning up to Rs 15 lakh annually. “Continuing the trend from the 2024 Budget, reduced tax rates for these …

Budget 2025: Can you expect Rs 10 lakh tax-free income?
2 months, 2 weeks ago

Budget 2025: Can you expect Rs 10 lakh tax-free income?

India Today  

As the Union Budget 2025 approaches, expectations are mounting for significant tax reforms and economic relief measures. Finance Minister Nirmala Sitharaman is set to present the budget on February 1, 2025, with the middle class hoping for an increase in the tax-free income threshold, amongst other proposals. Other key demands include extending the MGNREGA program to provide 200 workdays per …

Discover Related