She added that the thought process behind revising the tax slabs was to simplify the tax process and make compliance easier for the taxpayers.

As per the new tax regime, individuals earning up to Rs 12 lakh in a year will not have to pay any taxes after she raised the exemption threshold from Rs 7 lakh. An additional Rs 75,000 standard ...

In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 lakh will no longer have to pay income tax. She also introduced revised tax ...

Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...

Nirmala Sitharaman recently revealed a new income tax structure where earnings below ₹12 lakh will incur no tax. The updated ...

During a post-Budget interaction with the media along with senior finance ministry officials, Sitharaman elaborated on the benefits of the new tax regime and the government's capex plans, among other ...

PM Modi took a dig at Congress, stating that during Nehru’s tenure, 25% tax was deducted on Rs 12 lakh income, and under ...

Apart from zero tax for about a crore people earning Rs 12 lakh a year, slabs also recast to benefit those in higher salary brackets. How much do you save if you earn over Rs 15 lakh a year? We ...

While the Election Commission has barred the BJP-led Central government from making Delhi-specific announcements in the Union Budget, the income tax relief for the middle class is seen by many as a ...

Union Finance Minister Nirmala Sitharaman's eighth Budget emphasizes tax reforms to benefit businesses. Key updates include ...

In a big relief for the middle class, Union Finance Minister Nirmala Sitharaman said those earning an annual income of up to ...