1 day ago · Nirmala Sitharaman also spelt out the details of the revised income tax slabs. "I propose to revise tax rate structures as follows: 0 to ₹ 4 Lakhs - nil, ₹ 4 Lakhs to ₹ 8 Lakhs - 5%, ₹ 8 ...

1 day ago · Nirmala Sitharaman says that the changes in the Income Tax slabs would benefit all people across all the different tax stratas. 01 Feb 2025, 04:16:45 PM IST Nirmala Sitharaman PC LIVE: Press ...

1 day ago · Budget 2025 LIVE: The biggest takeaway from Nirmala Sitharaman's Budget for fiscal year 2025-26 (FY 2025-26) was the landmark income tax rebate announced for people with incomes up to ₹ 12 lakh. ...

1 day ago · Finance Minister Nirmala Sitharaman announced a revised income tax system in the Budget, exempting individuals earning up to ₹12 lakh from taxation and introducing new tax slabs.

1 day ago · In her Union Budget 2025 speech today, Finance Minister Nirmala Sitharaman introduced a revised tax slab system applicable across the board. Under the new regime, income up to Rs 12 lakh is tax-free, and for salaried individuals, income up to Rs 12.75 lakh is also exempt due to a standard deduction of Rs 75,000. ... Nirahua's Latest And ...

1 day ago · NEW DELHI: Finance minister Nirmala Sitharaman on Saturday announced a range of tax reforms for the common people and the business owners, including the new tax regime, rationalistaion of TDS and ...

1 day ago · Union Budget Speech Live Updates: Finance Minister Nirmala Sitharaman today presented the Union Budget for a record eighth time and announced a slew of measures, including big projects for Bihar, where Assembly polls will be held later this year. She announced relief for MSMEs, extension of Kisan Credit Cards and zero income tax for people earning up to Rs 12 lakh. Creating medical seats ...

1 day ago · Finance Minister Nirmala Sitharaman announces no income tax for incomes up to ₹12 lakhs, benefiting the middle class. ... Latest News. 2025-02-02T00:37:02+05:30 — Tamil Nadu Union Budget 2025 ...

1 day ago · 1 crore taxpayers will pay no income tax due to the hike in the rebate, Nirmala Sitharaman said, noting also the Rs 12 lakh ceiling was effectively Rs 12.75 lakh after applying the standard deduction.

Jul 25, 2024 · In a bid to provide surplus at the hands of the middle class, Finance Minister Nirmala Sitharaman announced an increase in the standard deduction to Rs 75,000 from Rs 50,000, and also tweaked the tax slabs under the simplified New Tax Regime (NTR) marginally.