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: 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.
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: Tax-free income limit under new regime rises to Rs 12 lakh
Union Finance Minister (FM) Nirmala Sitharaman, who presented her eighth consecutive Union Budget on February 1, streamlined personal income-tax (I-T) slabs and adjusted tax deducted at source (TDS) limits. The government also plans to introduce a new I-T Bill next week.
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.
Union Budget 2025: PM Modi announces tax-free income up to Rs 12 Lakh, major relief for middle class
In Union Budget 2025, Prime Minister Narendra Modi unveiled significant tax reforms aimed at benefiting the middle class. He states, “In this budget, income up to Rs 12 lakh per annum has been made tax-free.
Budget 2025 LIVE: Nirmala Sitharaman says no income tax up to ₹12 lakh in big relief for middle class
LIVE: In a big relief to middle class, finance minister Nirmala Sitharaman announced that no income tax will be levied up to ₹12 lakh under the new tax regime.
Budget 2025 Income Tax Slab: Tax Slab under New Regime for AY 2025-26; Check All Details Here!
Learn about the new and old tax regimes, including tax rates and surcharges applicable to various income levels.
Old tax vs new regime: Which is better for you? A comparison after Union Budget 2025
Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the ...
Budget 2025: Is the old tax regime on its way out as Sitharaman pushes new tax law?
The government’s move to propose a new income tax law has reignited discussions, especially since no relief was announced for ...
Budget 2025: New tax regime vs. old tax regime – which one should you now opt for?
Finance Minister Nirmala Sitharaman announced the new tax slabs under the new tax regime, thus offering tax saving for taxpayers. There will no income tax for salaried taxpayers earning upto ₹12.75 ...
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New vs Old Tax Regime: Which is Better in Budget 2025-26?
SEO Meta Description: Budget 2025-26 proposes new tax slab rates. Compare old vs new regime to see which offers better savings based on income and exemptions.
Union Budget 2025: New vs Old Tax regime -- how tax savings will differ with new tax brackets
Under the New Tax Regime, both individuals receiving a salary and pensioners can now benefit from a standard deduction of Rs ...
Union Budget 2025 | Income tax slabs revised: Should you switch to new tax regime?
The government’s latest tax overhaul of income tax slabs in Budget 2025 is aimed at introducing a more streamlined tax system ...