No TCS On Sale Of Goods; Changes To TDS/TCS Regime : Union Budget 2025 Proposals
1 month, 4 weeks ago

No TCS On Sale Of Goods; Changes To TDS/TCS Regime : Union Budget 2025 Proposals

Live Law  

With an aim to reform the personal income tax regime with a special focus on middle-class citizens, the Union Finance Minister Nirmala Sitaraman has introduced key changes in the Budget 2025-26 at the August gathering today. Rationalisation of TDS and TCS With an aim to rationalise Deducted at Source and Tax Collected at Source, the following measures have been introduced: "I propose to rationalise tax deduction at source by reducing the number of rates and thresholds above which TDS is deduced. TCS on remittance "The threshold to collect tax at source on remittances under the RBI liberalised remittance scheme is proposed to be increased from 7 lac to 10 lac. In July 2024, the delay of payment of TDS upto the due date of filing statement was decrimalised, I propose to provide same relaxation for TCS provisions as well."

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History of this topic

Budget provides ‘marginal relief’ for those taxpayers whose income exceeds ₹12 lakh p.a., says Nirmala Sitharaman
Trending News
5 days, 6 hours ago

Budget provides ‘marginal relief’ for those taxpayers whose income exceeds ₹12 lakh p.a., says Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Tuesday said the Finance Bill 2025 provides unprecedented tax relief, and the 13.14% projected growth in personal income tax collection is "realistic" and supported by solid data. Union Budget 2025: Tax bonanza for middle class In the 2025-26 Budget, the government has hiked income tax rebate to ₹12 lakh per annum from ₹7 lakh earlier. …

New TDS, TCS rules 2025: Key changes impacting income taxpayers starting April 1. All you need to know
3 weeks ago

New TDS, TCS rules 2025: Key changes impacting income taxpayers starting April 1. All you need to know

Live Mint  

The new income tax bill has changed the TDS and TCS rules several times. One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme, which has risen from 20% to 22% for amounts over ₹7 lakh per year. Joint property purchasers also need to furnish PAN information of all joint owners to …

What are major changes in TDS and TCS rules from April 1? Here's what taxpayers must know
3 weeks, 3 days ago

What are major changes in TDS and TCS rules from April 1? Here's what taxpayers must know

India TV News  

What are major changes in TDS and TCS rules from April 1? Here's what taxpayers must know India’s taxation system is an evolving structure aimed at economic growth and equitable revenue distribution. With continuous reforms, the central government aims to simplify tax compliance, reduce the burden on taxpayers, and enhance ease of doing business. In a significant move to simplify …

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 …

New Income Tax Bill 2025: All FAQs on tax slabs, old vs new regime, and more answered
1 month, 2 weeks ago

New Income Tax Bill 2025: All FAQs on tax slabs, old vs new regime, and more answered

Live Mint  

Amid the new Income Tax Bill 2025, we answer several FAQs on tax slabs, the old vs. new regime, the new income tax rules, exemption limits, and more. Individuals earning up to ₹12 lakh annually will not have to pay any income tax under consideringthe new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to middle class …

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 …

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 …

All income groups got a little something from the Budget
Trending News
1 month, 3 weeks ago

All income groups got a little something from the Budget

Live Mint  

The Union Budget 2025 aimed to put more money in the hands of every income group—whether salaried professionals, gig workers, rental income earners, or senior citizens—by tweaking tax slabs, deductions, and exemptions. The Bill proposes that persons opting for the new personal tax regime in financial year 2025-26, and having income upto ₹12 lakh, will not be required to pay …

How Union Budget 2025 has seen the biggest tax break in 20 years
1 month, 4 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, 4 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. …

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 …

Budget 2025 hikes TDS limit for bank FD | Check all details
1 month, 4 weeks ago

Budget 2025 hikes TDS limit for bank FD | Check all details

Hindustan Times  

The Union Budget 2025 proposes to increase the limit for tax deduction at source on fixed deposit interest for general citizens. Banks are required to deduct tax at source when interest paid to account holders goes over the specified threshold in one financial year. TDS on FDs Banks are required to deduct tax at source when interest paid to account …

Fresh slabs may prompt over 90% taxpayers to choose new regime: Tax body chief
1 month, 4 weeks ago

Fresh slabs may prompt over 90% taxpayers to choose new regime: Tax body chief

India Today  

The Central Board of Direct Taxes Chairman Ravi Agrawal said that over 90 per cent of individual taxpayers are expected to adopt the new tax regime, up from the current 75 per cent, after Finance Minister Nirmala Sitharaman announced zero tax for earnings of up to Rs 12 lakh per annum in her Union Budget 2025 speech. Sitharaman, on Saturday, …

No income tax upto Rs 12 lakh: Social media sparks meme frenzy after Budget 2025, netizens in celebration mode
1 month, 4 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 …

Union Budget 2025: Tax bonanza for middle class
Trending News
1 month, 4 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 …

TDS limit for senior citizens doubled to Rs 1 lakh
1 month, 4 weeks ago

TDS limit for senior citizens doubled to Rs 1 lakh

Deccan Chronicle  

Mumbai: Finance Minister Nirmala Sitharaman, in the Union Budget 2025, proposed to double the limit for tax deducted at source on interest income for senior citizens to Rs 1 lakh. Additionally, the Budget proposed raising the threshold for TDS on rent to Rs 6 lakh from the current Rs 2.4 lakh, which would significantly reduce the TDS transactions for those …

No income tax for annual income upto Rs 12 lakh in New Tax Regime
1 month, 4 weeks ago

No income tax for annual income upto Rs 12 lakh in New Tax Regime

Deccan Chronicle  

Mumbai : At a time when the economy is slowing, the Union Budget 2025-26 on Saturday announced major tax reliefs for the middle class to bolster their spending power thereby invigorating domestic consumption. Finance Minister Nirmala Sitharaman while presenting the Budget announced that under the New Tax Regime, no income tax will be payable for salaried individuals with total income …

Budget 2025 | No tax for incomes up to ₹12 lakh
Top News
1 month, 4 weeks 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 …

Union Budget 2025: How compliance burden of senior citizens has been eased and how it works
1 month, 4 weeks ago

Union Budget 2025: How compliance burden of senior citizens has been eased and how it works

Live Mint  

In addition to lowering income tax payable by individuals, Budget 2025 gave citizens relief by raising the threshold for tax deducted at source and removing conditions on declaring a second house as self-occupied for tax purposes. Like the lowering of taxes on personal income tax, the raising of the threshold for TDS will put more money in the hands of …

Income tax payable on same income has come down by over 50% since 2014
1 month, 4 weeks ago

Income tax payable on same income has come down by over 50% since 2014

Op India  

The union budget for 2025-26 makes significant changes to the Income Tax regime, which is going to provide major relief to taxpayers. Moreover, the slabs have been changed, ensuring that there will be lower tax outgo even for those who come under taxable bracket with income above ₹12 lakh. While now there is no tax on income up to ₹12 …

Union Budget 2025: A responsive Budget that banks on India
Trending News
1 month, 4 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, 4 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 …

The Hindu’s Top news of the day - February 1, 2025
Top News
1 month, 4 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 …

T.N. to receive higher amount as share of Central taxes for 2025-26
1 month, 4 weeks ago

T.N. to receive higher amount as share of Central taxes for 2025-26

The Hindu  

Tamil Nadu would receive a higher amount as its share of Central taxes as per the Union Budget for 2025-2026, presented by Finance Minister Nirmala Sitharaman on Saturday, when compared to the revised estimates for 2024-2025. For 2025-2026, the Union Budget has estimated Tamil Nadu’s share of Central taxes at ₹58,021.50 crore. Other announcements such as Developing Agri Districts Programme, …

Union Budget 2025: Tamil Nadu to receive higher amount as share of Central taxes
1 month, 4 weeks ago

Union Budget 2025: Tamil Nadu to receive higher amount as share of Central taxes

The Hindu  

Tamil Nadu would receive a higher amount as its share of Central taxes as per the Union Budget for 2025-2026, presented by Finance Minister Nirmala Sitharaman on Saturday, when compared to the revised estimates for 2024-2025. For 2025-2026, the Union Budget has estimated Tamil Nadu’s share of Central taxes at ₹58,021.50 crore. Other announcements such as Developing Agri Districts Programme, …

Union Budget 2025-26: Dimple Yadav questions lack of innovation and calls for justice
1 month, 4 weeks ago

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

Hindustan Times  

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

Your Budget 2025 Guide: Income tax slabs, rates, and key benefits. All your queries answered
1 month, 4 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 - …

Budget 2025: FM Sitharaman explains how taxpayers will save up to ₹2.6 lakh under new tax rates
Top News
1 month, 4 weeks ago

Budget 2025: FM Sitharaman explains how taxpayers will save up to ₹2.6 lakh under new tax rates

Live Mint  

Budget 2025: Union Finance Minister Nirmala Sitharaman on Saturday announced new tax slab rates under the new tax regime during her Budget 2025 speech, which will benefit taxpayers across the board. During a press briefing after the Budget 2025 speech, Sitharaman said that not only those earning ₹12 lakh will not have to pay any tax, but there will be …

Union Budget 2025 strengthens the middle class for a consumption-driven economy
Top News
1 month, 4 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 …

New norms for TDS, TCS in Union Budget 2025
1 month, 4 weeks ago

New norms for TDS, TCS in Union Budget 2025

The Hindu  

Finance Minister Nirmala Sitharaman presented the Union Budget for 2025 in Parliament on Saturday In her record eighth budget, she introduced several measures pertaining to personal finance, including the rationalisation of TDS and TCS. “Threshold amounts for tax deduction will be increased for better clarity and uniformity, ” Ms. Sitharaman said. Second, the annual limit of ₹2.4 lakh for TDS …

Budget 2025: Who benefits and who doesn’t
1 month, 4 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 …

Govt proposes hike in threshold for TDS on rent to ₹6 lakh from current ₹2.4 lakh annual limit
1 month, 4 weeks ago

Govt proposes hike in threshold for TDS on rent to ₹6 lakh from current ₹2.4 lakh annual limit

The Hindu  

The government on Saturday proposed to enhance annual threshold for deduction of tax at source on rent to ₹6 lakh from the current limit of ₹2.4 lakh. Further, threshold amounts for tax deduction will be increased for better clarity and uniformity," Finance Minister Nirmala Sitharaman said in her Budget speech. According to the Budget document, Section 194-I of the Income …

Budget 2025: No income tax upto ₹12 lakh income. Here’s how much you will save
Top News
1 month, 4 weeks ago

Budget 2025: No income tax upto ₹12 lakh income. Here’s how much you will save

Live Mint  

Union Finance Minister Nirmala Sitharaman on Budget 2025 announced that there will be no income tax on income upto ₹12 lakh. Salaried taxpayers are now entitled to claim standard deduction of ₹75,000 which means even if their income is upto ₹12.75 lakh, they wont have to pay any income tax. Let us understand how this happens: Income Tax For income …

All personal finance updates from Budget 2025
1 month, 4 weeks ago

All personal finance updates from Budget 2025

Live Mint  

Finance minister Nirmala Sitharaman unveiled the Union Budget 2025-26 on 1 February, introducing a series of measures aimed at easing taxpayers’ burden. Here’s a breakdown of the key changes: No tax on income up to ₹ 12 lakh In a major relief for taxpayers, the Union Budget has proposed raising the tax-free income threshold to ₹12 lakh, up from ₹7 …

Budget 2025: Relief for taxpayers to simplified TDS, 10 major Income Tax announcements by FM Nirmala Sitharaman
1 month, 4 weeks ago

Budget 2025: Relief for taxpayers to simplified TDS, 10 major Income Tax announcements by FM Nirmala Sitharaman

Live Mint  

Budget 2025 Finance Minister Nirmala Sitharaman presented the union budget in Parliament on Saturday, with steps aimed to woo the salaried middle class with tax cuts. Key income tax announcements from the Budget 2025 1)No income tax on annual income up to ₹ 12.75 lakh The government has raised the Section 87A rebate limit from ₹7 lakh to ₹12 lakh, …

Union Budget 2025: Income tax’s share in gross collections expected to rise, despite change in tax slabs
1 month, 4 weeks ago

Union Budget 2025: Income tax’s share in gross collections expected to rise, despite change in tax slabs

The Hindu  

Despite announcing that no income tax needs to be paid up to an income of Rs 12 lakh under the new regime, the government is still expecting the share of income tax in gross tax collections to increase in the financial year FY26. Union Budget 2025 LIVE updates The government is expecting to get Rs 14,38,000 crore from income tax …

What are the new income tax slabs introduced in Union Budget 2025? How much will you save now?
1 month, 4 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 …

Union Budget 2025 has good news on income tax for NRIs too
1 month, 4 weeks ago

Union Budget 2025 has good news on income tax for NRIs too

Firstpost  

Under the revised New Income Tax Regime for 2025, the tax-free income threshold, including the standard deduction, has been raised to Rs 12.7 lakh. Additionally, individuals earning up to Rs 25 lakh will benefit from a tax reduction of up to Rs 1.1 lakh Union Budget 2025 has been a treat to the middle class after Finance Minister Nirmala Sitharaman …

Budget 2025: 3 big changes to ease TDS and TCS burden on Indians
1 month, 4 weeks ago

Budget 2025: 3 big changes to ease TDS and TCS burden on Indians

Firstpost  

In the Union Budget 2025-26, Union Finance Minister Nirmala Sitharaman proposed to raise the threshold of tax deducted at source and tax collected at source In the Union Budget 2025-26, Union Finance Minister Nirmala Sitharaman proposed to ease and simplify tax deducted at source and tax collected at source. Sitharaman proposed to increase the annual limit for TDS on rent …

Budget 2025: TDS limit for rent payment raised to ₹6 lakh; no TCS on remittances for study abroad
1 month, 4 weeks ago

Budget 2025: TDS limit for rent payment raised to ₹6 lakh; no TCS on remittances for study abroad

Live Mint  

Union Budget 2025: Finance Minister Nirmala Sitharaman during Budget 2025 proposed to rationalise tax deduction at source by reducing the number of rates and thresholds above which TDS is deducted. She introduced a number of key reforms with regards to rent payments, remittances, higher education, sale of goods and decriminalisation of offenders. Rent payment: The annual limit of 2.40 lakh …

Revised income tax slabs: How much do you save? Calculation of benefits
1 month, 4 weeks ago

Revised income tax slabs: How much do you save? Calculation of benefits

Hindustan Times  

Revised Income tax slabs: Union finance minister Nirmala Sitharaman on Saturday announced that annual income up to ₹12 lakh will no longer attract any tax. Revised Income tax slabs: Under the new tax regime, a nil tax slab will apply to annual incomes up to ₹ 12 lakh. Following are revised slabs and rates under new tax regime announced in …

Union Budget 2025: TDS threshold limits hiked for rent, foreign travel | See full list
1 month, 4 weeks ago

Union Budget 2025: TDS threshold limits hiked for rent, foreign travel | See full list

Hindustan Times  

Union finance minister Nirmala Sitharaman in her Budget 2025 speech on Saturday proposed to rationalise tax deduction at source by reducing the number of rates and thresholds above which TDS is deducted. Union Finance Minister Nirmala Sitharaman presents the Union Budget 2025-26 in the Lok Sabha, in New Delhi, Saturday, Feb. 1, 2025. In her 8th consecutive budget speech, Nirmala …

No TCS On Sale Of Goods; Changes To TDS/TCS Regime : Union Budget 2025 Proposals
1 month, 4 weeks ago

No TCS On Sale Of Goods; Changes To TDS/TCS Regime : Union Budget 2025 Proposals

Live Law  

With an aim to reform the personal income tax regime with a special focus on middle-class citizens, the Union Finance Minister Nirmala Sitaraman has introduced key changes in the Budget 2025-26 at the August gathering today. Rationalisation of TDS and TCS With an aim to rationalise Deducted at Source and Tax Collected at Source, the following measures have been introduced: …

Union Budget 2025: No Income Tax To Those Earning Upto Rs 12 lakh- Top Highlights Of Nirmala Sitharaman's Speech
Top News
1 month, 4 weeks ago

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

ABP News  

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

Budget 2025: Nirmala Sitharaman announces rejig of income tax rates — Here’s how slabs have changed under new tax regime
1 month, 4 weeks ago

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

Live Mint  

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

Union Budget 2025: Sitharaman makes New Tax Regime more attractive, here are the new tax slabs
1 month, 4 weeks ago

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

Firstpost  

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

Budget 2025: Key highlights of Finance Minister Nirmala Sitharaman's speech
1 month, 4 weeks ago

Budget 2025: Key highlights of Finance Minister Nirmala Sitharaman's speech

India TV News  

Budget 2025: Finance Minister Nirmala Sitharaman is delivering her eighth consecutive Union Budget, a record achievement. She announced several announcements, including hiking the income tax exemption limit to Rs 12 lakh per annum under the New Tax Regime, setting up of a Makhana Board in Bihar and 36 Lifesaving drugs and medicines to be added to the list of medicines …

Union Budget 2025: Tax deduction on interest for senior citizens doubled from Rs 50,000 to Rs 1 lakh
1 month, 4 weeks ago

Union Budget 2025: Tax deduction on interest for senior citizens doubled from Rs 50,000 to Rs 1 lakh

Firstpost  

Finance Minister Nirmala Sitharaman on Saturday said tax deductions at source will be rationalised for senior citizens and doubled from Rs 50,000 to Rs 1 lakh Finance Minister Nirmala Sitharaman on Saturday said tax deductions at source will be rationalised for senior citizens and doubled from Rs 50,000 to Rs 1 lakh. The limit for tax deduction on interest for …

Union Budget 2025: Tax deduction on interest for senior citizens doubled from Rs 50,000 to Rs 1 lakh
1 month, 4 weeks ago

Union Budget 2025: Tax deduction on interest for senior citizens doubled from Rs 50,000 to Rs 1 lakh

Firstpost  

Finance Minister Nirmala Sitharaman on Saturday said tax deductions at source will be rationalised for senior citizens and doubled from Rs 50,000 to Rs 1 lakh Finance Minister Nirmala Sitharaman presents 2025 Union Budget. ANI Finance Minister Nirmala Sitharaman on Saturday said tax deductions at source will be rationalised for senior citizens and doubled from Rs 50,000 to Rs 1 …

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