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.
Union Budget 2025 highlights: Nirmala Sitharaman bets on income tax breaks to spur growth
Lauding the new tax regime, PM Modi said that his government seeks to put more money in the pockets of people, increase savings and make citizens partners in the development journey.
Nirmala Sitharaman says PM Modi threw his weight behind income tax cuts but it needed more work to convince officials
Finance Minister Nirmala Sitharaman said it required more work to convince the bureaucrats about the efficiency in collecting tax and listening to honest taxpayers
New Income-Tax bill to carry forward spirit of ‘Nyaya’, says Nirmala Sitharaman
While presenting the Union Budget in Parliament on Friday, Sitharaman urged Income Tax department officials to "trust first and scrutinise later."
Why did govt increase income tax rebate from ₹7 lakh to ₹12 lakh? FM Nirmala Sitharaman explains
Nirmala Sitharaman announced an increase in income tax rebate from ₹7 lakh to ₹12 lakh, aimed at reducing tax burdens for ₹1 lakh monthly earners.
Budget 2025: New Income Tax bill will be clear and direct, says Nirmala Sitharaman. What does this mean?
New Income Tax Slabs in Budget 2025: During her presentation of the Union Budget for 2025-26, Finance Minister Nirmala Sitharaman announced the introduction of a new Income Tax Bill, which aims to simplify and clarify the existing tax framework. “New Income Tax bill will be clear and direct”, FM Sitharaman said.
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,
1 crore more people will pay no income tax due to rebate hike: Nirmala Sitharaman
The 2025-26 Budget hikes the tax rebate available to individual taxpayer to Rs 12 lakh from next fiscal, from Rs 7 lakh currently.
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.
LIVE | Budget 2025: Will Centre offer tax breaks for middle class, cost-of-living relief, more jobs?
Finance Minister Nirmala Sitharaman will present her record eighth consecutive Budget at 11 am today, as India awaits measures to revive sluggish economic growth. All eyes are on potential income tax cuts or tweaks to ease the burden on the middle class,
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.
'Tax assessee’s word is final for us... trust is what we want': FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman discussed the Budget’s impact on the economy, emphasizing tax relief for honest taxpayers ...
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PM Modi Was Always In Support Of Slashing Tax Slabs, Says FM Nirmala Sitharaman
She added that the thought process behind revising the tax slabs was to simplify the tax process and make compliance easier for the taxpayers.