To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union Budget ...

Here are the income tax rates, standard deduction available, basic exemption limit, rebate and deductions under both the new ...

The Budget proposes revised slabs and rates, which Sitharaman said would reduce the tax burden on the middle class, allowing ...

When asked whether the budget announcement of zero tax on annual income up to ₹12 lakh would lead to 100% of taxpayers ...

While a majority of the middle class is said to benefit out of the new tax regime, it takes away all the exemptions on ...

Currently, about 74-75 per cent of taxpayers file their returns under the new income tax regime, the official said citing government data.

The new income tax law will be easier to understand, free of outdated provisions, and aims to encourage taxpayers to switch ...

Read this table to see how much tax you can save at different income levels ranging from Rs 9 lakh to Rs 2.4 crore.

Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the ...

Apart from zero tax for about a crore people earning Rs 12 lakh a year, slabs also recast to benefit those in higher salary brackets. How much do you save if you earn over Rs 15 lakh a year? We ...

With the increase in exemption slab to Rs 12 lakh, those who earn up to Rs 1 lakh per month will not have to pay any Income ...

Following the Budget announcement, reactions have been mixed. Some are praising it, while others are criticising it. Here's how industry experts, political leaders, and market analysts are reacting to ...