New income tax slabs for FY 2025-26 in Budget 2025: 30% tax now starts at Rs 24 lakh, 25% tax rate introduced for incomes between Rs 20-Rs 24 lakh
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income above Rs 15 lakh. However, the new tax regime offers limited deductions to taxpayers.
Income Tax Slabs Budget 2025 Live: How much income tax will middle class taxpayers save? FM Sitharaman's big tax announcements decoded
Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b
Union Budget 2025: Personal Income Tax Slabs & Changes
The Union Budget 2025 brings substantial tax relief to individuals earning up to ₹12 lakh, making them effectively tax-free. The revised tax slabs, enhanced Section 87A rebate, and marginal relief provisions significantly benefit the middle class while simplifying compliance for taxpayers and businesses.
Income tax changes in Budget: Here at 10 things individual taxpayers should know
Sitharaman said this new structure will significantly reduce taxes for the middle class, putting more money in their hands, boosting household consumption, savings, and investment.
Budget 2025: How income up to ₹12 lakh is tax-free under new tax regime | Explained
Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the no-tax limit from ₹7 lakh to ₹12 lakh and introduced revised tax slabs. The government expects its revenue from income tax to increase 14.
Budget 2025: Analysis of proposed amendments in Income Tax & GST
In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.
After FM Nirmala Sitharaman’s income tax relief in Budget 2025, will RBI also cheer the middle class with a rate cut?
The RBI is expected to cut the repo rate by 25bps in February, easing borrowing costs for the middle class. Analysts predict a total reduction of 100bps in the current cycle, fostering economic growth amid favorable inflation projections.
INDIA BUDGET India cuts income tax in a bid to boost consumption
India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, which is projected to grow at its slowest pace in four years.
Takeaways From India's Budget That Slashes Income Tax on the Salaried Middle Class to Spur Growth
Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and
Anupam Mittal on Budget 2025: 'India is Now Income-Tax-Free for Most'; No Income Tax Up to ₹12.75 Lakh
The Union Budget 2025 brought a groundbreaking announcement—income up to Rs 12.75 lakh will now be tax-free under the new tax regime. This major tax relief has sparked widespread reactions, with Shaadi.
'Poverty has been redefined': Shark Tank's Anupam Mittal reacts to Rs 12 lakh tax break in Budget '25
Finance Minister Nirmala Sitharaman unveiled key tax reliefs for India’s middle class in the Union Budget 2025, featuring a simplified tax structure, a higher TCS threshold on foreign remittances, and enhanced benefits for salaried individuals.
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Budget 2025 Income Tax: ‘90%...’ - CBDT Chairman Ravi Agrawal’s BIG prediction for new tax regime
The CBDT Chairman also cited the new tax regime (NTR), where there are no deductions or exemptions allowed like the old ...
Income Tax Budget 2025 LIVE: Breaking down revised tax slabs; Here's how much more money you will have in your pocket
Stay tuned for live updates as FM Sitharaman presents her eighth Union Budget 2025. Follow our live coverage for all the ...
Income tax on crypto currency: How did budget 2025 impact the taxation on virtual digital assets?
Income tax on cryptocurrency transaction. After Budget 2025 there is no change in taxation of cryptocurrencies as they ...
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Indian budget unveils major tax relief, tightens rules for NRIs
Among the most significant announcements was the introduction of a new income tax regime that exempts individuals earning up ...
Union Budget 2025: New tax slabs, extended limit to file updated ITR, and other key changes announced in this budget
The government has also raised the TCS exemption limit on Liberalised Remittance Scheme (LRS) transactions from Rs 7 lakh to ...
New vs old tax regime: Which income tax regime to choose, what should save your money? Read this to clear all your income tax confusions
If you are still confused about which tax regime to choose after Budget 2025 proposals, here is how to choose between the old ...
Union Budget 2025: New Tax Structure To Benefit 5.65 Cr Taxpayers, Who Will Collectively Save Around ₹1 Lakh Crore In Taxes, SBI Report
The new tax structure announced in the Union Budget 2025-26 is expected to benefit around 5.65 crore taxpayers who fall under ...