This adjustment would result in an additional 5% of income retained by the ... will fuel economic growth." Under the new tax regime, individuals earning up to Rs 12 lakh annually will be exempt ...

Prominent influencers like YouTuber Nalini Unagar and Shaadi.com founder Anupam Mittal have raised concerns over the ...

For taxpayers under the new tax regime, the following income tax slabs apply: Up to Rs 2.5 lakh: No tax is applicable. Rs 2.5 lakh to Rs 5 lakh: 5 per cent Rs 5 lakh to Rs 10 lakh: 20 per cent Rs ...

Ans. Earlier the limit of income for nil tax payment was Rs 7 lac. By increasing this limit to Rs 12 lakh around one crore assessees who were earlier required to pay tax varying from Rs 20,000 to Rs ...

In a big boost to the Indian middle class, Finance Minister Nirmala Sitharaman on Saturday announced that there will be no ...

The Finance (No.2) Act, 2024 had the following slabs in the new tax regime for person, being an individual or Hindu undivided ...

New Delhi: Union Finance Minister Nirmala Sitharaman on Saturday presented the Union Budget 2025 in the Lok Sabha. In a major relief for the salaried class people, individuals earning up to Rs 12 ...

A tax rebate is available on income up to Rs 7 lakh under the new tax regime and up to Rs 5 lakh under the old regime. Let’s understand with an example: Consider a salaried individual earning Rs 13 ...