The budget’s biggest, shiniest takeaway: no tax on income up to ₹12 lakh. Union finance minister Nirmala Sitharaman’s announcement was met with much cheer and enthusiastic number-crunching ...
In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...
New versus old income tax regime post Budget 2025: The new tax regime starting FY 2025-26 offers tax exemption for earnings up to Rs 12.75 lakh annually. Despite the new regimen's appeal ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...
Budget 2025 offers ₹60,000 rebate for incomes up to ₹12 lakh under new tax regime. (Representational image)(REUTERS) This makes the old tax regime, which has 5 per cent, 20 per cent ...
As Finance Minister Nirmala Sitharaman presented the Union Budget 2025, speculation resurfaced about the potential phase-out of the old tax regime. Presenting the Budget, Sitharaman today said ...
New Tax Regime vs Old Tax Regime Slabs and Rates: Finance Minister Nirmala Sitharaman has announced significant income tax relief for the middle class in the Union Budget 2025. Budget 2025 New Tax ...
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The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...
New vs Old Tax Regime: In a major relief for taxpayers, the Union Budget 2025 has revamped the new tax regime, exempting individuals earning up to Rs 12 lakh annually from income tax. In a major ...
What Are The New Tax Slabs? The tax slabs under the new regime have been revised in Budget 2025. A salaried individual will pay zero tax for annual income up to Rs 4 lakh. In the Rs 4 lakh - to Rs ...
Amid the new Income Tax Bill 2025, we answer some FAQs on tax slabs, old vs new regime, the new income tax rules, exemption ...
She also said the new income tax law will have to go through the Parliament. Follow Union Budget 2025-26 LIVE UPDATES here What Is The Old Tax Regime? The old tax regime primarily is for taxpayers ...
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