From Rs 2 lakh to 12 lakh: Transformation of India’s personal income tax structure under Modi govt since 2014
In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs 12 lakh under new regime. The progress over the years reflects adjustments aimed at reducing tax burden on lower and middle-income earners.
Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...
The new tax structure announced in the Union Budget 2025-26 is expected to benefit around 5.65 crore taxpayers who fall under ...
The government has been talking about simplifying the tax structure to make it easier for taxpayers. Eliminating the 30% tax ...
Finance Minister Nirmala Sitharaman has announced changes to the income tax slabs in the new regime. As per the changes, ...
There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, ...
Indian Prime Minister Narendra Modi’s government presented an annual budget to Parliament on Saturday focused on spurring ...
The Indian government on Saturday announced the biggest tax relief in at least a decade to boost consumer demand to revive ...
Shrivastava was responding to Shaadi.com founder Anupam Mittal, who highlighted that with this revision, almost 90% of tax ...
During the Union Budget 2025 speech, Finance Minister Nirmala Sitharaman announced that people earning up to Rs. 12 lakh will ...
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