This Budget reflects a move towards fiscal consolidation, with lower reliance on borrowings and higher revenue from direct ...
The new tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is ...
The highlight of Finance Minister Nirmala Sitharaman's eighth consecutive Budget is the relief to middle-class taxpayers from the salaried class. But the Budget speech, which also announced revised ...
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 India’s middle class.
This significant revision, part of the government’s effort to ease the tax burden on salaried individuals, marks a sharp increase from the previous tax-free threshold of Rs 7 lakh.
The income up to Rs 12 lakh is tax free due to the rebate under Section 87A of the Income Tax Act, 1961. The revised income slabs will be applicable on those earning above Rs 12 lakh under the new tax ...
Sign us up.There will also be a new show set in the world of The Witcher, the conclusion to Karate Kid spin-off Cobra Kai and ...
Finance Minister Nirmala Sitharaman has announced new income tax slabs in the New Tax Regime. We take a look at from when this is its applicable for salaried individuals, and other details.