In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...

Total Revenue Impact for FY 2023-24 is projected revenue impact. (ii) The total revenue impact of major tax incentives for Individual/HUF taxpayers for last five years is Rs 8,69,907.40 Crores. In ...

Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

Don't ditch long-term investments for new tax regime The benefits listed above are applicable to those who have migrated to ...

Countering Opposition barbs about being a ‘suit-boot ki sarkar’, the government on Monday informed the Lok Sabha that the ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Live: Union finance minister Nirmala Sitharaman presented the first full budget of Modi government 3.0. Sitharaman announced ...

Budget, FM Sitharaman declares that no income tax would be payable up to annual income of Rs 12 lakh, announcing that the ...

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 ...

Announces big bonanza on personal income tax in providing more money in hands, aimed at boosting consumption demand, ...