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Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...

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But the Budget speech, which also announced revised tax slabs, has left many confused over the relief they will be getting. The tax slabs under the new regime have been revised in Budget 2025.

Budget 2025: Finance Minister Nirmala Sitharaman has announced new income tax slabs in the New Tax Regime, with income up to ₹12 lakh exempt from tax.(PTI) In her budget statement, Finance ...

You don’t want the hassle of managing multiple deductions. 2. You are in a higher tax bracket and benefit from lower slab rates. 3. You prefer immediate liquidity over long-term tax savings.

The Budget 2025 is set to introduce significant changes to the income tax slabs, particularly benefiting the middle class. Currently, the new tax regime features slabs where income up to ₹3 lakh ...

Glenn's conclusion is a rather dramatic one, so let me state it again: SLABS ARE RUINING YOUR CARDS! So that's the bad news, ...

Over the past decade, key changes have included higher exemption limits, revised tax slabs, and enhanced rebates, reflecting a consistent push for tax relief. Budget 2025 prioritised three key ...

Under the new slabs, taxpayers with Rs 12 lakh annual income will get a benefit of Rs 80,000 and those earning Rs 18 lakh will get a benefit of Rs 70,000, Ms Sitharaman told the parliament.

6,00,000 per annum,” he added. The tax rates and slabs for individuals, including senior citizens, opting for the new tax rate were revised in the Union Budget 2025. The updated rates set forth ...