Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating tax for incomes up to Rs 12.75 lakh. Taxpayers must compare ...

Income tax slab ... tax slabs to make the new tax regime more appealing to taxpayers. However, she announced no such perks in the July 2024 Budget for those who opted for the old tax regime.

Budget 2025 simplifies tax rules and provides major relief to taxpayers. The new tax slabs, second-home exemption, senior ...

Read this table to see how much tax you can save at different income levels ranging from Rs 9 lakh to Rs 2.4 crore.

Under the old tax regime, the basic exemption limit remains Rs. 2.50 lakhs but under the new tax regime it has been increased from 3 lakhs to 4 lakhs. The first tax slab rate of 5% will apply to ...

with revised limits across various income tax slabs. If you already under the new tax regime, you will save tax, but if you are in the old tax regime, should you switch? Track TOI’s income tax ...

Is it time to relax income tax slabs? Should women and farmers ... While 55% of the respondents said they preferred the old tax regime, nearly 45% agreed that the new tax regime was better.

Budget 2025 offers ₹60,000 rebate for incomes up to ₹12 lakh under new tax regime ... This makes the old tax regime, which has 5 per cent, 20 per cent, and 30 per cent slabs and allows ...

the government will not make any changes to the old regime that provides for investment-linked exemptions and deductions. “Further simplification of the new tax regime, and tweaking the slab ...

The Budget announcement of zero tax for earnings up to ₹12 lakh per annum and the rejig of tax slabs ... new tax regime (NTR), where there are no deductions or exemptions allowed like the old ...

The government may adjust tax slabs or increase the exemption limit under the Old Regime to make it more competitive with the new regime. For instance, an annual income of Rs 5-10 lakh is ...

The last part of the Union Budget 2025 was something that the salaried class waited for—an Income Tax relief that exempts people who earn up to Rs 12.75 lakh per annum from paying any income tax ...