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

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 ...

Know how India's tax rates for FY 2025-26 compare with those of other G-20 countries, covering personal income tax rates, ...

Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2025-26, introducing significant measures aimed at stimulating economic growth and providing relief to the middle ...

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

The big question remains—should taxpayers still consider the Old Tax Regime? Previously, individuals claiming substantial ...

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 ...

Income up to ₹12 lakh tax-free; people earning at least ₹25 lakh will save ₹1.1 lakh; tax rate changes, new Income Tax Bill ...

The income tax reforms introduced in the budget are among the biggest in the last decade — simplified and rationalised to put more money in people's hands without compromising the fiscal deficit.

Guide: The new income tax regime under Budget 2025 allows tax-free income up to ₹12 lakh. Taxpayers earning just above this threshold can avail marginal relief, reducing their tax liability significan ...