The IRS has unveiled the updated tax brackets for the 2025 fiscal year, reflecting a 2.8% increase to align with inflation.
Here are the income tax slabs, rates, and deductions announced by Finance Minister Nirmala Sitharaman in the Union Budget ...
FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...
Union Budget, focusing on tax relief for the middle class. Key changes include no tax on income up to Rs. 12 lakh and revised tax slabs to increase disposable income and stimulate economic growth.
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...
Latest News Today: The Union Budget FY26 brought substantial tax relief for the middle class. According to Finance Minister Nirmala Sitharaman, the income tax rebate under the new tax regime has been ...
Finance Minister Nirmala Sitharaman in Budget announced new tax slabs in the new tax regime 2025, making it so that there is ...
Individual taxpayers, who saw limited changes in the July 2024 Budget, are now hopeful for meaningful reforms to reduce ...
Finance Minister Nirmala Sitharaman has announced that under the new income tax regime, nil tax slab has been raised from ₹7 ...
The current income tax slabs introduced for FY 2024-25 were designed to alleviate the tax burden on average taxpayers.
Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...
Currently, under the new system introduced in 2020, annual income of up to ₹ 15 lakh attracts a tax rate of between 5% and 20%, while income of more than ₹ 15 lakh is taxed at 30%. * Under the new tax ...