How much average processing time of ITR reduced in 10 years? Sitharaman reveals
1 year, 2 months ago

How much average processing time of ITR reduced in 10 years? Sitharaman reveals

Hindustan Times  

Union finance minister Nirmala Sitharaman on Thursday underscored the government's steadfast commitment to enhancing taxpayer services as she highlighted a transformative shift in tax assessment methodologies over the past five years. Union Finance Minister Nirmala Sitharaman presents the Interim Budget 2024 in the Lok Sabha, at Parliament House in New Delhi, Thursday, Feb. 1, 2024. One of the standout achievements highlighted by the finance minister is the remarkable reduction in the average processing time for tax returns. Average processing time of returns has been reduced from 93 days in the year 2013-14 to a mere ten days this year, thereby making refunds faster,” she said.

Tax Sitharaman Returns Tax Returns Interim Budget  interim  budget  minister  itr  sitharaman  updated  assessment  processing  returns  fiscal  reduced  finance  reveals  tax  average

History of this topic

New Income Tax Bill to be taken up for discussion in monsoon session, Nirmala Sitharaman says
1 week ago

New Income Tax Bill to be taken up for discussion in monsoon session, Nirmala Sitharaman says

Hindustan Times  

The new Income Tax Bill will be taken up for discussion in the monsoon session of Parliament, Finance Minister Nirmala Sitharaman said on Tuesday. Replying to the discussions on the Finance Bill 2025 in the Lok Sabha, Sitharaman said the new income tax bill, which was introduced in the House on February 13, is currently being vetted by the Select …

FM Nirmala Sitharaman: Parliament to discuss new Income Tax Bill in Monsoon Session
1 week ago

FM Nirmala Sitharaman: Parliament to discuss new Income Tax Bill in Monsoon Session

The Hindu  

The new Income Tax Bill will be taken up for discussion in the Monsoon Session of Parliament, Finance Minister Nirmala Sitharaman said on Tuesday. Replying to the discussions on the Finance Bill 2025 in the Lok Sabha, Ms. Sitharaman said the new Income Tax Bill, which was introduced in the House on February 13, is currently being vetted by the …

Over 90 lakh updated tax returns filed, ₹9,118 crore additional taxes mobilised
1 week, 1 day ago

Over 90 lakh updated tax returns filed, ₹9,118 crore additional taxes mobilised

The Hindu  

Over 90 lakh updated Income Tax Returns have been filed over the last four years which fetched ₹9,118 crore to the exchequer, Parliament was informed on Monday. In the current assessment year till February 28, 4.64 lakh updated ITRs have been filed and taxes of ₹431.20 crore paid, Minister of State for Finance Pankaj Chaudhary said in a written reply …

Over 4.68 lakh taxpayers file ITR for income over ₹1 crore till Feb 28, shows latest data
2 weeks, 1 day ago

Over 4.68 lakh taxpayers file ITR for income over ₹1 crore till Feb 28, shows latest data

Live Mint  

The latest data released by the income tax department shows that over 9.11 crore registered users have filed their income tax returns for FY 2024-25 until Feb 28, 2025. This figure is quite significant given that the total number of registered users stands at 13.96 crore, which means over 65 percent of registered users have filed their income tax returns …

Union Budget 2025-26: Highlights from Nirmala Sitharaman’s post-budget presser
1 month, 2 weeks ago

Union Budget 2025-26: Highlights from Nirmala Sitharaman’s post-budget presser

The Hindu  

Finance Minister Nirmala Sitharaman held a press conference after an interaction post Union Budget 2025-26. On the question of FIIs and retail investors, the finance minister held that Indian markets today are also yielding good returns and profit booking is also happening. On FII money outflow Adding to the Finance Minister’s statement, Finance Secretary Tuhin Kanta Pandey held that it …

New Income Tax: While Australia took 3 years and UK even longer, how did tax reforms in India happen in 6 months?
Trending News
1 month, 2 weeks ago

New Income Tax: While Australia took 3 years and UK even longer, how did tax reforms in India happen in 6 months?

Live Mint  

India's income tax law has recently undergone a major reform with a new Bill having been introduced in the Lok Sabha on Thursday and proposed to be reviewed by the select committee. The new Income Tax Bill aims to make the tax legislation simpler, concise and easy to read, so that there is less litigation arising out of complex provisions. …

Lok Sabha Speaker constitutes committee to examine new Income Tax bill
Trending News
1 month, 2 weeks ago

Lok Sabha Speaker constitutes committee to examine new Income Tax bill

India Today  

A day after Union Finance Minister Nirmala Sitharaman tabled the new Income Tax Bill in the Lok Sabha, House Speaker Om Birla constituted a Select Committee to examine the bill. Apart from Panda, the committee also comprises BJP MPs Nishikant Dubey, Jagadish Shettar, Sudhir Gupta, Anil Baluni, Shashank Mani, Naveen Jindal, Anurag Sharma, Congress MPs Deependra Hooda, Benny Behanan, Trinamool …

Sitharaman tables Income Tax Bill in Lok Sabha, seeks review by house committee
1 month, 2 weeks 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, …

Watch | Explained: What’s in the new Income Tax Bill?
1 month, 2 weeks ago

Watch | Explained: What’s in the new Income Tax Bill?

The Hindu  

Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This new legislation, which seeks to simplify and modernise India’s tax system, would replace the six-decade-old Income Tax Act, 1961, when it is passed by the Parliament and when the President gives her assent. The new Income Tax Bill consists of 536 …

New Income Tax Bill 2025: Higher Exemptions, Simpler Rules, Easier Tax Filing – Here’s What Changes For You
1 month, 2 weeks ago

New Income Tax Bill 2025: Higher Exemptions, Simpler Rules, Easier Tax Filing – Here’s What Changes For You

ABP News  

New Income Tax Bill: Finance Minister Nirmala Sitharaman introduced the much-anticipated Income Tax Bill 2025 in the Lok Sabha on February 13. Key Changes Introduced Introduction of ‘Tax Year’ : The bill replaces technical terms like ‘assessment year’ and ‘previous year’ with the simpler ‘tax year,’ making it easier for taxpayers to understand. : The bill replaces technical terms like …

New Income Tax Bill introduced in Parliament: Read the key changes in the direct tax law
1 month, 2 weeks ago

New Income Tax Bill introduced in Parliament: Read the key changes in the direct tax law

Op India  

The Income Tax Bill 2025 was presented in the Lok Sabha by the Union Finance Minister Nirmala Sitharaman today. Key Features of the Bill The existing Income Tax Act has 23 chapters containing 536 sections and 16 schedules in 880 pages. The new Bill has done away with this distinction and introduces a single ‘Tax Year’ which will coincide with …

What is the need for new Income Tax Bill 2025? ‘To review…’ says Centre
1 month, 2 weeks ago

What is the need for new Income Tax Bill 2025? ‘To review…’ says Centre

Hindustan Times  

Finance Minister Nirmala Sitharaman tabled the Income Tax Bill 2025 in the Lok Sabha on February 13. Finance Minister Nirmala Sitharaman had announced a comprehensive review of Income Tax Act 1961 on July 23, 2024 and had set a time limit of six months for the same. The bill and act in numbers The Income Tax Act 1961 had 5.12 …

New Income Tax Bill introduced by Nirmala Sitharaman in Parliament, Opposition stages walkout
1 month, 2 weeks ago

New Income Tax Bill introduced by Nirmala Sitharaman in Parliament, Opposition stages walkout

Hindustan Times  

Finance Minister Nirmala Sitharaman has tabled the Income Tax Bill 2025 in the Lok Sabha. Finance Minister Nirmala Sitharaman tabled the Income Tax Bill in the Lok Sabha on Thursday. Opposition raises objections Speaking on objection raised by Opposition MP from Kerala's Kollam, NK Premachandran, on the new bill having more sections than the previous Income Tax Act from 1961, …

New Income Tax bill 2025 tabled in Parliament: Top 10 highlights every taxpayer MUST know
1 month, 2 weeks 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 …

Finance Minister Nirmala Sitharaman Tables New Income Tax Bill In Lok Sabha
1 month, 2 weeks ago

Finance Minister Nirmala Sitharaman Tables New Income Tax Bill In Lok Sabha

ABP News  

Finance Minister Nirmala Sitharaman presented the new Income Tax Bill In Lok Sabha on Thursday, which will replace the Income Tax Act, 1961. The new Income Tax Bill aims to simplify and modernise India's tax system. The existing Income Tax Act consists of 298 sections across 23 chapters, covering personal income tax, corporate taxes, securities transaction tax, and gift tax. …

New income tax bill reaches Parliament: Finance Minister Nirmala Sitharaman tables I-T Bill 2025 in Lok Sabha
1 month, 2 weeks ago

New income tax bill reaches Parliament: Finance Minister Nirmala Sitharaman tables I-T Bill 2025 in Lok Sabha

Live Mint  

Income Tax Bill 2025: Finance Minister Nirmala Sitharaman tabled the new direct tax code or the Income Tax Bill 2025 in Lok Sabha on Thursday. Finance Minister Nirmala Sitharaman asked Lok Sabha Speaker to form review committee for the the newly tabled Income Tax Bill 2025. Naveen Wadhwa, Vice President, Taxmann, said, “The Income Tax Bill tabled in Parliament will …

Budget Session: FM Nirmala Sitharaman to table New Income Tax bill in Lok Sabha today. ‘Complicated’ says, Congress MP
1 month, 2 weeks 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 …

New Income Tax Bill tabled in Lok Sabha, faces select panel review
1 month, 2 weeks ago

New Income Tax Bill tabled in Lok Sabha, faces select panel review

India Today  

Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill in Lok Sabha on Thursday to replace the existing bill. The new bill is designed to simplify and overhaul the present Income Tax Act of 1961. CA Chintan Vajani, Leader – Taxation & FEMA Advisory, NPV & Associates LLP, Chartered Accountants said, “In an effort to make tax laws more …

Simplified I-T Bill likely to be tabled in Parliament today
1 month, 2 weeks ago

Simplified I-T Bill likely to be tabled in Parliament today

Deccan Chronicle  

New Delhi: The government is likely to introduce the simplified Income-Tax Bill 2025 in Parliament on Thursday. The simplified Bill will replace 298 sections and 14 schedules in the six-decade-old Income-Tax Act 1961. The statement of objects and reasons of the new I-T bill says that the Income-Tax Act passed in 1961 has been subjected to numerous amendments since its …

Income Tax: ‘Assessment year’ to become ‘tax year’, govt to table new bill in Lok Sabha tomorrow
1 month, 2 weeks ago

Income Tax: ‘Assessment year’ to become ‘tax year’, govt to table new bill in Lok Sabha tomorrow

Firstpost  

After the Union Cabinet chaired by Prime Minister Narendra Modi approved the new Income Tax bill last week, it is expected to be tabled in the parliament tomorrow Finance Minister Nirmala Sitharaman, carrying a red pouch containing budget documents, poses for a photograph with colleagues as she arrives to present the budget in the Parliament in New Delhi, on Saturday. …

From reducing legal complexities to streamline compliance: How New Income Tax Bill to help taxpayers
1 month, 3 weeks ago

From reducing legal complexities to streamline compliance: How New Income Tax Bill to help taxpayers

India TV News  

As the New Income Tax Bill is likely to be introduced by Finance Minister Nirmala Sitharaman anytime this week, there are specualtions about the contents of the new bill and its potential positive impact on taxpayers. Various tax experts think that the new income tax bill is likely to bring a siginificant change in India’s taxation system by focusing on …

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, 3 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 …

Simpler Filing Process To Faster Refunds: What New Income Tax Bill Could Bring
1 month, 3 weeks ago

Simpler Filing Process To Faster Refunds: What New Income Tax Bill Could Bring

ABP News  

The New Income Tax Bill is likely going to be introduced by Finance Minister Nirmala Sitharaman in the Lok Sabha today. Ankit Garg, CEO, Wealthy Nivesh, shared that the New Income Tax Bill is expected to remove the issues related to penalties, litigations, and ambiguities in the tax filing process. Sandeep Bhalla, Partner, Dhruva Advisors, explained that the new tax …

New Income Tax Bill on tax structure reform may be tabled in Lok Sabha today
1 month, 3 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 …

Finance Minister Nirmala Sitharaman says income tax and RBI rate cut will boost economy: Report
1 month, 3 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 …

Hope to introduce new income tax bill in Lok Sabha next week: Nirmala Sitharaman
1 month, 3 weeks ago

Hope to introduce new income tax bill in Lok Sabha next week: Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Saturday said she is likely to introduce the new income tax bill, which will replace the six-decade-old I-T Act, in the Lok Sabha in the coming week. “Yesterday, the Cabinet cleared the New Income Tax proposal, I hope to have it introduced in the Lok Sabha in the coming week. “I still have three critical …

Nirmala Sitharaman Says New Income Tax Bill Likely To Be Presented In Lok Sabha Next Week
Top News
1 month, 3 weeks ago

Nirmala Sitharaman Says New Income Tax Bill Likely To Be Presented In Lok Sabha Next Week

ABP News  

Finance Minister Nirmala Sitharaman on Saturday said she is likely going to table the new income tax bill in the Parliament next week. Speaking at a media briefing after addressing the post-Budget customary meeting with the central board of directors of the Reserve Bank of India, the minister said, “Yesterday, the Cabinet cleared the New Income Tax proposal, I hope …

Hope to introduce new income tax bill in Lok Sabha next week: Sitharaman
1 month, 3 weeks ago

Hope to introduce new income tax bill in Lok Sabha next week: Sitharaman

Hindustan Times  

Finance Minister Nirmala Sitharaman on Saturday said she is likely to introduce the new income tax bill, which will replace the six-decade-old I-T Act, in the Lok Sabha in the coming week. "Yesterday, the Cabinet cleared the New Income Tax proposal, I hope to have it introduced in the Lok Sabha in the coming week. "I still have three critical …

Finance Minister Nirmala Sitharaman, RBI Governor Sanjay Malhotra, CBD board will meet today, address media at 12
1 month, 3 weeks ago

Finance Minister Nirmala Sitharaman, RBI Governor Sanjay Malhotra, CBD board will meet today, address media at 12

Live Mint  

Finance Minister Nirmala Sitharaman, new Reserve Bank of India Governor Sanjay Malhotra, and the Central Board of Directors of the RBI are scheduled for a customary post-Budget meeting, according to a report by CNBC-TV18. Cabinet Clears New Income-Tax Bill Meanwhile, the Union Cabinet on February 7 has approved the new Income-Tax Bill proposed by FM Sitharaman in the Budget speech …

New Income Tax Bill likely to be introduced in Lok Sabha next week
1 month, 3 weeks ago

New Income Tax Bill likely to be introduced in Lok Sabha next week

India TV News  

New Income Tax Bill: Finance Minister Nirmala Sitharaman on Saturday said that she may introduce the new Income Tax Bill in the Lok Sabha next week. "Yesterday, the Cabinet cleared the New Income Tax proposal, I hope to have it introduced in the Lok Sabha in the coming week. "I still have three critical stages to pass through," Sitharaman said …

Cabinet okays bill to replace Income Tax Act, may be tabled in parliament soon
Top News
1 month, 3 weeks ago

Cabinet okays bill to replace Income Tax Act, may be tabled in parliament soon

Live Mint  

The Union cabinet on Friday approved a bill to replace the more than six-decade-old Income Tax Act,1961 with a new, simpler and easy-to-understand law, as part of the government's regulatory reforms. The new Income Tax Bill is a key element of the regulatory reforms announced by finance minister Nirmala Sitharaman in her budget speech on 1 February, which outlined the …

Cabinet clears Income Tax bill, to be introduced in Parliament next week
1 month, 3 weeks ago

Cabinet clears Income Tax bill, to be introduced in Parliament next week

Hindustan Times  

The Union Cabinet on Friday approved the new income tax bill, which will replace the six decades old I-T Act, sources told PTI. Finance Minister Nirmala Sitharaman announced in Budget 2025-26 that the new tax bill will be introduced in the ongoing session of Parliament. Also, 22 specialised sub-committees have been established to review the various aspects of the Income …

New Income Tax Bill Greenlit By Union Cabinet To Streamline Taxation Framework: Report
Top News
1 month, 3 weeks ago

New Income Tax Bill Greenlit By Union Cabinet To Streamline Taxation Framework: Report

ABP News  

New Income Tax Bill: The Union Cabinet has reportedly given its nod to a new Income Tax Bill aimed at simplifying India’s tax framework and modernising compliance procedures, as reported by PTI citing sources. Finance Minister Nirmala Sitharaman first announced the Narendra Modi Government's intent to overhaul the tax framework during her Budget 2024 presentation. Updated Tax Slabs & Rates …

Respecting service of taxpayers: Nirmala Sitharaman on Budget income tax breaks
Trending News
1 month, 4 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 …

Tax Weekly Round-Up: January 27 - February 02, 2025
1 month, 4 weeks ago

Tax Weekly Round-Up: January 27 - February 02, 2025

Live Law  

HIGH COURTS Andhra Pradesh HC S.12 Central Sale Tax Rules | Can Certificate Of Export Be Filed After Completion Of Sales Tax Proceedings: AP HC Refers To Full Bench Case title: M/s. A division bench of Acting Chief Justice Vibhu Bakhru and Justice Tushar Rao Gedela observed, “Notice issued under Section 148 of the Act in the earlier round was …

Give suggestions on new income tax bill: CBDT chief to industry
1 month, 4 weeks ago

Give suggestions on new income tax bill: CBDT chief to industry

Live Mint  

New Delhi, Feb 3 Central Board of Direct Taxes Chief Ravi Agrawal on Monday asked industry players to give their suggestions on the new income tax bill, which will be tabled in Parliament this week. The new income tax bill, which will replace the six decade old Income Tax act, 1961, has been drafted within six months and efforts have …

‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman
1 month, 4 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”. …

Updated tax returns: Budget 2025 offers a wider window to report omitted income
Trending News
1 month, 4 weeks ago

Updated tax returns: Budget 2025 offers a wider window to report omitted income

Live Mint  

In the Union Budget for 2022-23, India's finance ministry introduced the concept of updated tax returns to promote voluntary tax compliance. Taxpayers are required to file their income tax returns within four to six months from the end of the financial year. In essence, an updated return allows taxpayers to voluntarily declare omitted income even after the deadlines for belated …

Tax Reforms In Budget 2025 Should Help Bring In Majority Of Taxpayers To New Income Tax Regime, Says CBDT Chairman
1 month, 4 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 …

Income tax: 90% or more taxpayers may shift to new regime, says CBDT chief on Budget
1 month, 4 weeks ago

Income tax: 90% or more taxpayers may shift to new regime, says CBDT chief on Budget

Hindustan Times  

The Budget announcement of zero tax for earnings upto ₹12 lakh per annum and the rejig of tax slabs across the board should prompt more than 90 per cent of individual taxpayers to embrace the new tax regime as compared to the about 75 per cent as of now, CBDT Chairman Ravi Agrawal said on Sunday. The CBDT chief said …

India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
Trending News
1 month, 4 weeks ago

India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?

Firstpost  

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax system in the coming week. File Image/Reuters Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill in Parliament next week, aiming to simplify the six-decade-old Income Tax Act of 1961. Simplification of tax compliance One of the …

India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
1 month, 4 weeks ago

India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?

Firstpost  

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax system in the coming week. File Image/Reuters Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill in Parliament next week, aiming to simplify the six-decade-old Income Tax Act of 1961. Simplification of tax compliance One of the …

'If you earned ₹12 lakh in Nehruji's time…': How PM Modi praised Budget 2025
1 month, 4 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 …

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

Budget 2025 | No tax for incomes up to ₹12 lakh
Top News
2 months ago

Budget 2025 | No tax for incomes up to ₹12 lakh

The Hindu  

With an objective to boost household consumption and aggregate demand, Finance Minister Nirmala Sitharaman announced on Saturday that incomes up to ₹12 lakh would draw no income tax. To boost consumption, savings and investment Explaining the rationale for the revision in taxation limit, the Minister said the new structure would substantially reduce taxes for the middle class and provide more …

New income tax slabs and more: The big Budget 2025 announcements, in graphics
Trending News
2 months 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
2 months 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 …

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

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

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

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