The Union Budget 2025-26 increased the income tax basic exemption limit to Rs 4 lakh under the new tax regime, benefiting all ...

The latest move is aimed at boosting disposable income, encouraging savings, and fueling consumption-led economic growth.

But this doesn't mean that income up to Rs 12 lakh has been tax-exempted. Some people are confused between the terms tax-free and tax-exemption. While tax-free income means that deductions and ...

The Reserve Bank of India has reduced the repo rate by 25 basis points to 6.25%, aimed at boosting economic growth and easing ...

The government said it tried to allay the concerns of India's middle class, particularly income tax payers, in the Union ...

earning an annual income of up to INR 5 lakh are exempt from paying tax. Compare Surcharge Rate: Old Tax Vs. New Tax Regime The Government of India levies additional charges on individual ...

Tata Motors CFO analyzes growth-oriented Union Budget with focus on income tax, MSME sector, fiscal deficit, infrastructure, ...

Income Tax Exemption Limits However, the old tax regime will be same as earlier. Here are the slabs till now: The existing tax brackets under the Old Tax Regime remain in effect for the financial ...

In 2020, the Government of India introduced a new tax regime ... Deduction under section 80CCH: This is meant to provide tax exemptions for income gained via the Agnipath scheme.

Almost all finance ministers of India have ... clear answer. Tax evasion, low wage growth, high unemployment, and high exemption limits mean that very few people qualify to pay income taxes.

Budget extends tax benefits for SWFs and pension funds investing in infrastructure assets, encouraging global investors in India.

Finance Minister Nirmala Sitharaman announced an increase in the basic income tax exemption limit from Rs 3 lakh to Rs 4 lakh under the new tax regime. This change will reduce tax liabilities for ...