If you earn 30 lakhs from business, you pay 1.5 lakh tax. WOWOWOW.” Her post resonated with many, fueling discussions on the fairness of the new tax regime ... earning up to Rs 12 lakh would ...

The Finance Ministry has clarified that this zero tax liability applies only to the new tax regime, which has been the ...

The recent budget has shifted focus to consumption, increasing disposable income and benefiting middle-class households with ...

Budget 2025 offers ₹60,000 rebate for incomes up to ₹12 lakh under new tax regime. (Representational image)(REUTERS) This makes the old tax regime, which has 5 per cent, 20 per cent ...

The new tax regime offers significant benefits for income up to Rs 12 lakh (Rs 12.75 lakh for salaried), surpassing the old regime's appeal despite deductions. Choosing the old regime makes sense ...

Exemptions will be without any condition on the premium amount, i.e., ₹2,50,000 for ULIPs and ... tax which is available to taxpayers having income up to ₹12 lakh under the new regime.

Prohibition, under the 18th Amendment, prevented the legal manufacture, sale & distribution of alcoholic beverages in the US ...

This comparison clearly shows that for an individual earning Rs 15 lakh per annum, the old tax regime offers a tax saving of Rs 48,100 compared to the new tax ... of up to Rs 1.5 lakh per year ...

Budget 2025: Tax-free income limit under new regime rises to Rs 12 ... which will be taxed at 12.5 per cent despite the rebate being available for income up to Rs 12 lakh," says Vishwas Panjiar ...

Latest income tax slabs: The slab rates are easy to remember, slab changes with every block of 4 lakh and corresponding tax rates changes 5% up to ... under New Personal Tax Regime (NPTR).