In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister Nirmala Sitharaman instead made adjustments to the slabs, rates, and rebates within the new regime.

With the proposed changes, NPTR will now become far more appealing for individuals as it would mean availing beneficial tax ra

The government’s latest tax overhaul of income tax slabs in Budget 2025 is aimed at introducing a more streamlined tax system, providing relief to the harried middle-class salaried taxpayer. But does this necessarily mean better savings for taxpayers?

A comparison of the two regimes would clearly indicate that the intention of the Government is to streamline the process and ensuring a simpler tax environment to ensure compliance

In the Union Budget 2025, Finance Minister Nirmala Sitharaman is expected to adjust the personal income tax rules under the New Tax Regime to be in line with inflationary patterns in a bid to ease the tax burden on salaried individuals,

The move, which is expected to be part of the Union Budget 2025-26, aims to provide greater relief to taxpayers in the middle-income bracket.

Recognising the significant contributions of the middle class, the Government of India has consistently reduced their tax burden over the years

The government’s move to propose a new income tax law has reignited discussions, especially since no relief was announced for taxpayers under the old regime, while the new regime saw significant revisions.

Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the no-tax limit from ₹7 lakh to ₹12 lakh and introduced revised tax slabs. The government expects its revenue from income tax to increase 14.

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 is tax-free,