Income tax calculation on Rs 12.75 lakh for salaried as per new tax regime: Here's how you pay zero tax
Under the new regime, the tax liability for individuals earning Rs 12 lakh or Rs 12.75 lakh (for salaried persons) is Rs 60,000, which is completely waived due to the rebate. Hence, the resulting tax is nil.
Save Rs 80,000 to Rs 1.4 lakh under new income tax slabs from April 2025
The Budget proposes revised slabs and rates, which Sitharaman said would reduce the tax burden on the middle class, allowing for greater disposable income
No tax on Rs 12.75 lakh under new regime. Can you avoid tax on higher income?
With a standard deduction of Rs 75,000 under the new regime, salaried taxpayers earning up to Rs 12.75 lakh annually do not need to pay any tax. But what if you have a higher annual income, say Rs 13 lakh or more?
Modi turns to India's vast middle class to revive growth in rough global year
The government is trying to boost domestic demand among its vast middle class as food inflation dents disposable income.
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
Everything you need to know about India's new income tax proposal for middle class
Finance Minister Nirmala Sitharaman on Saturday announced that individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime.
Budget 2025 | Modi’s gift to the middle class; no income tax up to Rs 12 lakh
Finance Minister Nirmala Sitharaman announced no income tax payable up to Rs 12 lakh under the new regime, offering significant relief to the middle class. The new tax slabs include 5% on Rs 4-8 lakh,
Budget 2025: From new income tax slabs & rates to TDS, TCS & NPS Vatsalya - top 7 income tax takeaways for middle class
Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised ...
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Almost 100% taxpayers likely to shift to new tax regime: CBDT chairperson
When asked whether the budget announcement of zero tax on annual income up to ₹12 lakh would lead to 100% of taxpayers ...
Should you choose new tax regime over old? All your questions on income tax answered
Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...
Old tax regime to stay, but why would anyone want it now: CBDT chairman
The new income tax law will be easier to understand, free of outdated provisions, and aims to encourage taxpayers to switch ...
Old vs new tax 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 ...
Income Tax Slabs and Rates: New Regime Vs Old Regime
Here are the income tax slabs, rates, and deductions announced by Finance Minister Nirmala Sitharaman in the Union Budget ...
Old vs new tax regime: How Budget 2025 alters your tax choices
Recognising the significant contributions of the middle class, the Government of India has consistently reduced their tax ...
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Winners of the new tax regime; Mixed reality skilling for industrial workforce
While a majority of the middle class is said to benefit out of the new tax regime, it has its pros and cons. Cusmat offers an ...