The Budget 2025 is set to introduce significant changes to the income tax slabs, particularly benefiting the middle class. Currently, the new tax regime features slabs where income up to ₹3 lakh ...

Income Tax 2025: Nirmala Sitharaman’s 2025 budget introduces a revamped tax structure, eliminating income tax for earnings up to Rs. 12 lakh. (REUTERS) Union Finance Minister Nirmala Sitharaman ...

Under the new slabs, taxpayers with Rs 12 lakh annual income will get a benefit of Rs 80,000 and those earning Rs 18 lakh will get a benefit of Rs 70,000, Ms Sitharaman told the parliament.

Over the past decade, key changes have included higher exemption limits, revised tax slabs, and enhanced rebates, reflecting a consistent push for tax relief. Budget 2025 prioritised three key ...

The Budget did not make any changes to the tax rates or slabs in the old tax regime, making it unattractive. Taxpayers opting for the new tax regime are not allowed to claim deductions or rebates ...

Union finance minister Nirmala Sitharaman on February 1, in a major boost to consumption, announced no tax liability for individuals with a salary of up to Rs 12 lakh. Sitharaman said the move ...

Union Budget 2025: Last year, Sitharaman in her budget speech proposed a new tax structure under the new income tax regime. Finance minister Nirmala Sitharaman will present the Union Budget on ...

Kanpur: A major accident occurred at Kannauj railway station on Saturday after a ceiling slab of an under-construction building suddenly collapsed. Several workers and railway staff are feared to ...

Surana proposes a progressive tax structure that introduces new slabs for higher incomes. “For example, a 25% tax rate for income between Rs 25 lakh and Rs 30 lakh, while retaining the 30% rate ...

25% slab introduced for high earners and tax relief up to 30.8% for middle-income group. Read this table to see how much tax you can save at different income levels ranging from Rs 9 lakh to Rs 2.4 ...

Designs of the land-based fishing platform at the Dundee Beach boat ramp, from which large concrete slabs washed away. Picture: Supplied. The Department of Logistics and Infrastructure said it was ...

The new tax regime offers five income tax slabs to taxpayers. The highest income tax rate of 30% is applicable if the net taxable income exceeds Rs 15 lakh. The new tax regime offers a tax rebate of ...