Union Budget 2025: Finance Minister Nirmala Sitharaman ... Alternatively, the 2020 Union Budget introduced the New Tax Regime, featuring reduced tax rates and fewer exemptions and deductions ...

Union Budget 2025: In the Union Budget 2025, Finance Minister Nirmala Sitharaman revealed an increase in the basic tax ...

Under the new tax regime, salaried tax payers with taxable income of up to Rs 12.75 lakh (income Rs 12 lakhs with standard deduction of Rs 75,000), will be tax exempt. However, for those exceeding ...

Union Budget 2025: With income tax slabs becoming more attractive, it is quite tempting for the taxpayers now to choose a new tax regime over the old tax regime. Sample this: If your income is ...

Union Finance ... at the Budget Session of Parliament. "The government is steering India towards becoming the world’s third-largest economy," she added. Under the new tax regime, no income ...

The government’s latest tax overhaul of income tax slabs in Budget 2025 is aimed at introducing ... usually comes with trade-offs. While the new tax regime offers lower tax rates, it removes ...

Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the new tax regime. Budget 2025 offers ₹60,000 rebate for incomes up ...

usually as part of the Union Budget announcements. During the Budget 2024, a few changes were introduced to the tax slabs under the new tax regime, alongside some adjustments to exemptions and ...

However, they are divided on how soon. Budget 2025 income tax expectations: The new income tax regime was introduced as an optional tax regime from FY 2020-21. Budget 2025 income tax expectations ...

New Delhi: In a major move to ease the tax burden on middle-class taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced fresh tax slabs under the New Tax regime in the Union Budget ...