New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income above Rs 15 lakh. However, the new tax regime offers limited deductions to taxpayers.
Budget 2025: Income tax slabs revised
New tax slabs announced in Union Budget 2025, offering relief to middle class with tax-exemption up to ₹12 lakh.
Budget 2025 – Summary of Important Income Tax Proposals
Summary: The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, focused on reforms in taxation, agriculture, MSMEs, and exports. Direct tax proposals included no tax on incomes up to Rs.
New vs old income tax regime after Budget 2025: Post income tax slab changes, which tax regime is better for salaried middle class taxpayers?
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the midd
Budget 2025: No income tax on annual income upto Rs 12 lakh, says FM Nirmala Sitharaman
Additionally, Sitharaman introduced revisions to income tax slabs to make taxation more progressive. Individuals earning up to Rs 25 lakh will now benefit from tax savings of up to Rs 1.1 lakh. With the inclusion of the standard deduction,
After FM Nirmala Sitharaman’s income tax relief in Budget 2025, will RBI also cheer the middle class with a rate cut?
The RBI is expected to cut the repo rate by 25bps in February, easing borrowing costs for the middle class. Analysts predict a total reduction of 100bps in the current cycle, fostering economic growth amid favorable inflation projections.
Takeaways From India's Budget That Slashes Income Tax on the Salaried Middle Class to Spur Growth
Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and
India offers middle-class tax relief to support growth; targets narrower budget gap
By Shivangi Acharya and Nikunj Ohri NEW DELHI (Reuters) -India plans to cut personal income tax rates to boost middle-class spending power, Finance Minister Nirmala Sitharaman said on Saturday, as she announced an annual budget that also sought to increase private investment to strengthen growth.
Union Budget 2025: PM Modi announces tax-free income up to Rs 12 Lakh, major relief for middle class
In Union Budget 2025, Prime Minister Narendra Modi unveiled significant tax reforms aimed at benefiting the middle class. He states, “In this budget, income up to Rs 12 lakh per annum has been made tax-free.
Budget 2025 LIVE: Nirmala Sitharaman says no income tax up to ₹12 lakh in big relief for middle class
LIVE: In a big relief to middle class, finance minister Nirmala Sitharaman announced that no income tax will be levied up to ₹12 lakh under the new tax regime.
Budget 2025 Income Tax Slab: Tax Slab under New Regime for AY 2025-26; Check All Details Here!
Learn about the new and old tax regimes, including tax rates and surcharges applicable to various income levels.
Hosted on MSN9h
Budget 2025 Income Tax: ‘90%...’ - CBDT Chairman Ravi Agrawal’s BIG prediction for new tax regime
The CBDT Chairman also cited the new tax regime (NTR), where there are no deductions or exemptions allowed like the old ...
Income Tax Budget 2025 LIVE: Breaking down revised tax slabs; Here's how much more money you will have in your pocket
Stay tuned for live updates as FM Sitharaman presents her eighth Union Budget 2025. Follow our live coverage for all the ...
Income Tax Slab Budget 2025-26 Update: FM Sitharaman says New Income Tax Bill to be introduced...
Union Finance Nirmala Sitharaman while presenting Union Budget 2025-26 said the government will introduce a New Income Tax ...
Tax-Union Budget 2025: Budget 2025 Live: New Income tax bill to be introduced next week, says FM Sitharaman
FM Sitharaman's speech last Budget hinted at this new tax law when she said the goal was to simplify the income tax laws and ...
Income tax on crypto currency: How did budget 2025 impact the taxation on virtual digital assets?
Income tax on cryptocurrency transaction. After Budget 2025 there is no change in taxation of cryptocurrencies as they ...
Budget 2025 FAQs: Key tax, insurance and investment changes explained
Budget 2025 brings key tax, insurance, and investment changes. From ULIP taxation to NPS benefits and Kisan Credit Card ...