1 day ago · Budget 2025 Income tax slab changes: 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. Read this story to understand the income tax slabs proposed for the upcoming financial year 2025-26 and the current …

1 day ago · New Income Tax Slabs, Revised Income Tax Slab Rates Budget 2025 Live Updates: In a relief to the middle class, Finance Minister Nirmala Sitharaman exempted annual income of up to Rs 12 lakh from ...

13 hours ago · ♦ A New Income Tax Law Bill would be introduced in budget session > DIRECT TAX PROPOSALS. No change for income tax rate for the Assessment year 2025-26 corresponding to financial year 2024-25 both under old regime and new regime for all the taxpayers. No Tax up to Rs.12 lakh Income under New Regime due to change in limit of …

1 day ago · As per Budget data, personal income tax collections are projected to grow by 14.4% to Rs 14.38 lakh crore in the 2025-26 fiscal beginning April 1. Corporate taxes are projected to grow by 10.4% to ...

1 day ago · Despite income tax rate cuts, the Centre’s gross income tax receipts for 2025-26 is budgeted at Rs 14.38 lakh crore, which is 21.1% higher than the budget estimate of Rs 11.87 crore for 2024-25. Even for 2024-25, the revised estimate of gross income tax revenues at Rs 12.57 lakh crore is higher than the budgeted Rs 11.87 lakh crore.

1 day ago · In Budget 2025, 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 disposable income, increase savings, and stimulate household consumption.

10 hours ago · Income tax Budget 2025 LIVE: With the new tax slabs, the standard deduction of ₹75,000, over and above the ₹12 lakh limit under the new tax regime, furthers the agenda of driving up savings ...