Those earning between Rs 12 lakh and Rs 24 lakh (or Rs 24.75 lakh for salaried individuals) will pay 25-31% less tax.
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5 key tax reforms for middle class introduced in Budget 2025The new tax structure announced in the Union Budget 2025 aims to ease the financial burden of the middle class, enhancing their disposable income and giving a boost to their consumption levels.
Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...
For senior citizens investing in fixed deposits, the threshold for TDS on interest income exceeding Rs 50,000 was raised to ...
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Budget Update: The government has helped the common man a lot, these 7 changes were also made regarding tax..The middle class is delighted with the announcement made by Finance Minister Nirmala Sitharaman regarding income tax in the ...
The IRS provides an extended filing window, allowing taxpayers to make that election up to six months after the standard tax return due date ... allow income to be spread over three years ...
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ITC Share Price: Stock ready to cross Rs 500-mark after no hike in sin tax? Brokerages' viewsITC is a market leader in the cigarettes industry. Brokerages are bullish on ITC shares after government didn't announce hike ...
Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...
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