Similarly, it raised tax slab rates for salaried individuals and pensioners as follows: 5% for taxable income of INR 4 lakh to INR 8 lakh, 10% for INR 8 lakh to INR 12 lakh, 15% for INR 12 lakh to ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Reports suggest that there could be a relaxation on income tax for individuals, especially those earning up to Rs 15 lakh.

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

Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...

As the Union Budget 2025 approaches, there is growing anticipation regarding possible changes in income tax slabs. The budget is an important annual event that directly impacts every taxpayer in India ...

New income tax slabs: Nirmala Sitharaman made a historic announcement that there will be no income tax payable for those with an income upto ₹12 lakh. New Income Tax Slabs: Union finance ...

Union finance minister Nirmala Sitharaman presented the Budget 2025 in Lok Sabha, focusing on relief for middle-class ...