Presenting her eighth straight Budget in the Lok Sabha, Sitharaman laid out a blueprint for next generation reforms including raising FDI limit in insurance sector, simplification of tax laws, cutting ...

Budget 2025 introduces new income tax slabs, reducing taxes for middle-income earners while maintaining higher rates for top ...

The New Income Tax Bill, Nirmala Sitharaman said, would reflect the government's decade-long efforts focused on enhancing taxpayer convenience.

Finance Minister Nirmala Sitharaman announced that no income tax will be due for those with annual income up to Rs 12 lakh, among other changes in the tax slab.

Finance Minister Nirmala Sitharaman has announced changes to the income tax slabs in the new regime. As per the changes, there is no tax on income up to Rs 12 lakh. This rejig is expected to boost ...

Finance Minister Nirmala Sitharaman announced that taxpayers with salaries up to Rs 12 lakh would not be required to pay tax in the new tax regime.

The new tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is ...

It is important to know that the income above Rs 12 lakh is tax free due to the rebate under Section 87A of the Income Tax Act, 1961. Those earning above Rs 12 lakh also stands to benefitted due to ...

Budget 2025 LIVE: In a major boost for middle-class taxpayers, Finance Minister Nirmala Sitharaman, in the Union Budget 2025, ...

The highlight of Finance Minister Nirmala Sitharaman's eighth consecutive Budget is the relief to middle-class taxpayers from the salaried class. But the Budget speech, which also announced revised ...

Finance Minister Sitharaman announced a substantial tax benefit, ensuring that individuals earning up to Rs 12 lakh annually ...

The income up to Rs 12 lakh is tax free due to the rebate under Section 87A of the Income Tax Act, 1961. The revised income slabs will be applicable on those earning above Rs 12 lakh under the new tax ...