Budget 2025 income tax: Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised income tax slabs, and increased rebate ...

By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...

The provisions of the New Tax Regime outlined in Section 115BAC of the Income-Tax Act, 1961 will be moved to Section 202 in ...

The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under ...

such as exempting annual incomes up to Rs 10 lakh from taxation and introducing a new 25% tax slab for incomes ranging from Rs 15 lakh to Rs 20 lakh, as reported by Business Standard.

The slab rate system of taxation has been a cornerstone of India’s tax framework since its inception. Inspired by developed nations, this progressive tax system is designed to promote fairness ...

On February 1, 2025, Union Finance and Corporate Affairs Minister Nirmala Sitharaman announced that the nil income tax slab would be increased to Rs 12 lakh under the new tax regime.

Budget 2025 focusses on providing relief to the middle class, while keeping its eye on development. Will it spur demand?

Over Rs 1.88 lakh crore in GST evasion was detected by Central GST officers between April and December 2024, with 132 arrests ...

The chorus to reduce income tax slab rates ... Sitharaman reduce tax slab rates in the new, minimal exemptions regime. The study was conducted between January 10 and 22, 2025, across financial ...

New Delhi: When finance minister Nirmala Sitharaman announced tax cuts and sops for taxpayers in her latest budget, she said: ...

India’s retail inflation, based on the Consumer Price Index (CPI), for the month of December came in at 5.22 ... be a new slab in the new regime of say Rs 15 lakh - Rs 18 lakh with a tax rate ...