Finance Minister Nirmala Sitharaman implemented changes to the slabs, rates, and rebates under the New Tax Regime to ...

If you have seen the latest tax rates, you must have noticed that there is 5 percent tax on income between ₹4 to 8 lakh and ...

The income tax rebate under the new tax regime has been raised to Rs 12 lakh per annum from Rs 7 lakh along with a reduction ...

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 ...

"By virtue of the rebate only taxpayers with incomes up to Rs 12 lakh under the new regime would not have to pay any tax ...

NRIs who opt for the new tax regime may get some benefits, but they are not eligible for the Section 87A rebate ...

In accordance with the proposed Finance Bill 2025, the rebate under Section 87A is now applicable up to a total income of Rs ...

The biggest announcement was that individuals earning up to Rs 12 lakh would not have to pay any tax. But does this still ...

Without going into the sections, proviso and the clause 2, 20 and 24 of the Finance Bill 2025, some situations are rendered ...

Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

By Nidhi Jacob On February 1, 2025, Union Finance and Corporate Affairs Minister Nirmala Sitharaman announced that the nil ...

For salaried individuals and pensioners, the standard deduction has been increased to Rs 75,000. This effectively raises ...