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.
The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance ...
Under the New Tax Regime, both individuals receiving a salary and pensioners can now benefit from a standard deduction of Rs ...
The Budget proposes revised slabs and rates, which Sitharaman said would reduce the tax burden on the middle class, allowing ...
FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...
While a majority of the middle class is said to benefit out of the new tax regime, it takes away all the exemptions on ...
Here are the income tax slabs, rates, and deductions announced by Finance Minister Nirmala Sitharaman in the Union Budget ...
With no income tax burden for income levels up to Rs 12.75 lakh, a large section of salaried taxpayers stands to benefit.
The tax rates are structured progressively, with higher rates applied to higher income slabs. This new regime is designed to ...
Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...
When asked whether the budget announcement of zero tax on annual income up to ₹12 lakh would lead to 100% of taxpayers ...
In the last Budget 2024-25, the finance minister introduced several measures to make the new tax regime more appealing ...