Zero income tax up to an income of Rs 12 Lakh

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.
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 regime, which has "simple" calculations for a taxpayer, enabling them to file their ITR without the help of a professional.
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.
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
Tax-Union Budget 2025: Budget 2025 Live: New Income tax bill to be introduced next week, says FM Sitharaman
FM Sitharaman's speech last Budget hinted at this new tax law when she said the goal was to simplify the income tax laws and cut the Income Tax Act, 1961's page-count by as much as 60 per cent.
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.
New vs old income tax regime after Budget 2025: Post income tax slab changes, which tax regime is better for salaried middle class taxpayers?
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the midd
Budget 2025 LIVE updates: Nirmala Sitharaman will introduce Income Tax bill next week, no income tax up to ₹12 lakh
Budget 2025 LIVE updates: Union Finance Minister Nirmala Sitharam's budget speech begins, and she will be introducing the Income Tax bill next week. There will be no income tax on income up to ₹ 12 lakh.
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
India offers middle-class tax relief to support growth; targets narrower budget gap
By Shivangi Acharya and Nikunj Ohri NEW DELHI (Reuters) -India plans to cut personal income tax rates to boost middle-class spending power, Finance Minister Nirmala Sitharaman said on Saturday, as she announced an annual budget that also sought to increase private investment to strengthen growth.
LIVE
Income Tax Budget 2025 LIVE: New vs old tax regime— Which one should you choose now?
With the new tax slabs, the standard deduction of ₹75,000, over and above the ₹12 lakh limit under the new tax regime, furthers the agenda of driving up savings, investments and consumption.
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 ...
Budget 2025: Hopes of passenger vehicle makers ride on income tax cuts
According to experts, even if an additional 5% of people opt to buy new vehicles, it may bring a huge boost to sector. This ...
Tax Guru1h
Budget 2025: Clarification on Court Stay Period in Income Tax Proceedings
These amendments aim to eliminate ambiguity and ensure uniformity in calculating the limitation period for tax proceedings. Most of the changes will take effect from April 1, 2025, while some ...