Budget 2025: Does it make sense to have a unified tax slab?
1 month, 4 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 Services, BDO India, urged the government for a unified tax structure, which would bring much-needed clarity and enhanced tax benefits. "The introduction of two tax regimes - the old tax regime and the new tax regime - was intended to offer taxpayers flexibility, allowing them to choose the system that best suits their investments, savings habits, and preferences.

Tax Budget Regime  does  regimes  slab  structure  choose  unified  system  tax  budget  old  regime  2025  sense  taxpayers

History of this topic

Old vs new tax regime: Which one should you opt for in 2025-26?
6 days, 21 hours ago

Old vs new tax regime: Which one should you opt for in 2025-26?

India Today  

As the new financial year approaches, taxpayers need to make a choice between the old and new tax regimes. Unlike the old regime, the new regime provides limited deductions but offers concessional tax slabs. Choosing between the new and old tax regimes requires careful consideration of income, deductions, and financial goals.” “While the new tax regime offers lower tax rates …

A Federal Dilemma: How The New Income Tax Bill 2025 Threatens State Revenues And Fiscal Autonomy
1 week, 4 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 …

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, 1 week 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. …

Simplify, simplify, simplify: The mantra of India’s Income Tax Bill
1 month, 1 week ago

Simplify, simplify, simplify: The mantra of India’s Income Tax Bill

Live Mint  

In an era that glorifies radical and dramatic change, the quiet power of incremental reform tends to be overlooked. The new Income Tax Bill, 2025, falls into this category. There are some substantive changes to be sure, but the focus of the new Bill is more towards making the law more concise, lucid and easy to understand. However, the introduction …

India’s new income tax bill: It’s more concise and makes for a friendly tax law
1 month, 2 weeks 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, 2 weeks 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: Simpler, lighter and future-ready
1 month, 2 weeks 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, 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 …

New income tax regime: Check revised tax rates, slabs, and will you benefit?
1 month, 2 weeks ago

New income tax regime: Check revised tax rates, slabs, and will you benefit?

India Today  

The new income tax regime is set to become the preferred option for the majority of taxpayers in the upcoming financial year, following the proposals in the Union Budget 2025. In fact, salaried individuals with an annual income of Rs 12.75 lakh won't have to pay any tax, given the standard deduction of Rs 75,000 under the new regime. High-income …

New income tax law likely to be far simpler sans complexities, says Dipesh Jain of Economic Laws Practice
1 month, 2 weeks ago

New income tax law likely to be far simpler sans complexities, says Dipesh Jain of Economic Laws Practice

Live Mint  

In the past several years, a number of big and small changes have been made in the Income Tax Act, 1961. The new income tax law, conversely, is likely to have them removed simply because it is a fresh piece of legislation written on a clean slate, says Dipesh Jain, partner, Economic Laws Practice in a telephonic interview with MintGenie. …

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 …

New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more
1 month, 3 weeks ago

New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more

Live Mint  

In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Deduction under section 80JJAA: This allows eligible businesses to claim a deduction for hiring new employees Standard deduction benefit In 2023, the finance minister announced the new tax regime as …

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 …

Respecting service of taxpayers: Nirmala Sitharaman on Budget income tax breaks
Trending News
1 month, 3 weeks ago

Respecting service of taxpayers: Nirmala Sitharaman on Budget income tax breaks

India Today  

Finance Minister Nirmala Sitharman on Tuesday said that the tax relief given in Budget 2025 was Prime Minister Narendar Modi's effort to respect the service the taxpayers are doing for nation building. So this is a continuing part of Prime Minister Modi's effort to respect the service that taxpayers are doing in mission building," said Sitharman at the Budget Round …

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 …

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

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

India Today  

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

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 …

India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
Trending News
1 month, 3 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, 3 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 …

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 …

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 …

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 …

Goodbye old tax regime; new regime now more attractive
1 month, 3 weeks ago

Goodbye old tax regime; new regime now more attractive

Live Mint  

The budget’s biggest, shiniest takeaway: no tax on income up to ₹12 lakh. First, zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime. For instance, even if your income is above the ₹12 lakh or ₹12.75 lakh rebate limit, you still have the ongoing provision of claiming …

After Budget 2025, should you opt for old or the new tax regime?
1 month, 3 weeks ago

After Budget 2025, should you opt for old or the new tax regime?

Firstpost  

A comparison of the two regimes would clearly indicate that the intention of the Government is to streamline the process and ensuring a simpler tax environment to ensure compliance In the year 2024, when an individual filed the return of income, the buzz word around was whether to opt for “new regime” or to pay tax under “old regime”. Over …

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

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

Firstpost  

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

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

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

Firstpost  

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

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

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

Firstpost  

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

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 …

Budget 2025: Will income tax slab change impact your take-home salary? 5 things employees must know
1 month, 3 weeks ago

Budget 2025: Will income tax slab change impact your take-home salary? 5 things employees must know

India TV News  

Budget 2025: Union Finance Minister Nirmala Sitharaman on Saturday announced during the Budget 2025 that no income tax will be paid on earnings up to Rs 12 lakh, or up to Rs 12.75 lakh including standard deductions, under the new tax regime. This move of the Centre means even if people earning between Rs 8 to 10 lakh end up …

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 - …

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 …

New income tax slabs: How much will you the taxpayer save, end up paying, explained
1 month, 3 weeks ago

New income tax slabs: How much will you the taxpayer save, end up paying, explained

Live Mint  

Budget 2025 brought unexpected cheer to a large section of middle-class taxpayers who may opt to file their returns under the new tax regime. The sharp reduction in tax liability was made possible by a rejig of tax slabs under the new tax regime, the introduction of a new slab and enhanced rebates. Old tax regime turns unattractive What is …

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 …

Still Calculating Your Tax Under New Slabs? Three Questions About New Tax Regime Answered
1 month, 3 weeks ago

Still Calculating Your Tax Under New Slabs? Three Questions About New Tax Regime Answered

ABP News  

In her 8th consecutive Budget speech, Finance Minister Nirmala Sitharaman introduced significant changes to the Income Tax slabs, especially benefiting salaried individuals. Question 1: Do I have to pay tax if my income is Rs 12 lakh and one rupee, and I am part of the new tax regime? The new revised tax slabs are as follows: 0-4 lakh rupees …

Budget 2025: New tax regime vs. old tax regime – which one should you now opt for?
1 month, 3 weeks ago

Budget 2025: New tax regime vs. old tax regime – which one should you now opt for?

Live Mint  

Union Budget 2025: With income tax slabs becoming more attractive, it is quite tempting for the taxpayers now to choose a new tax regime over the old tax regime. Sample this: If your income is ₹12.75 lakh, income tax in the new tax regime is 0 whereas in the old regime tax would be ₹1.8 lakh. When income is ₹15.75 …

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 …

Union Budget 2025: Sitharaman makes New Tax Regime more attractive, here are the new tax slabs
1 month, 3 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 …

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

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

Hindustan Times  

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

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: New income tax bill to be half the current one and simpler, says Sitharaman
1 month, 3 weeks ago

Union Budget 2025: New income tax bill to be half the current one and simpler, says Sitharaman

Firstpost  

The new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, said Sitharaman as she presented the Union Budget 2025 Union Finance Minister Nirmala Sitharaman. PTI Finance Minister Nirmala Sitharaman on Saturday said that the new income tax bill will have half of the present laws, and will …

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

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

Live Mint  

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

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

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

Live Mint  

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

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

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

Live Mint  

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

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

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

Live Mint  

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

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