Tax-Budget 2025: Tweaks in New Tax Regime - How much more you will earn in FY26 vs FY25 if your salary is Rs 12 lakh/year?
Notably, the Finance Minister has raised the tax-free income threshold to Rs 12 lakh, translating to Rs 12.75 lakh for salaried individuals after considering the standard deduction. A key highlight this Budget for middle-class and salaried taxpayers is the exemption of income tax for those earning up to Rs 12 lakh (or Rs 12.
New vs old income tax regime after Budget 2025: Post income tax slab changes, which tax regime is better for salaried middle class taxpayers?
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the midd
Budget 2025: Key tax slab changes likely in new regime! Rs 5 lakh income to be exempt from tax?
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.
Budget 2025: How income up to ₹12 lakh is tax-free under new tax regime | Explained
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.
Takeaways From India's Budget That Slashes Income Tax on the Salaried Middle Class to Spur Growth
Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and
Will big tax relief for the middle-class spur growth? Industry titans share views
Prime Minister Narendra Modi hailed the Union Budget 2025 and said that tax relief given by Finance Minister Nirmala Sitharaman will provide big benefits to middle class and salaried employees.
Budget 2025 | Modi’s gift to the middle class; no income tax up to Rs 12 lakh
Finance Minister Nirmala Sitharaman announced no income tax payable up to Rs 12 lakh under the new regime, offering significant relief to the middle class. The new tax slabs include 5% on Rs 4-8 lakh,
Budget 2025: Tax deductions, exemptions under New Tax Regime and Old Tax Regime for FY2025-26
In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...
Budget 2025: FM Sitharaman makes new income tax regime more attractive for salaried taxpayers
With the proposed changes, NPTR will now become far more appealing for individuals as it would mean availing beneficial tax ...
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Old tax regime: Time to let go after Budget 2025 changes?
Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...
Union Budget 2025 | Income tax slabs revised: Should you switch to new tax regime?
The government’s latest tax overhaul of income tax slabs in Budget 2025 is aimed at introducing a more streamlined tax system ...
Old vs new tax regime: How Budget 2025 alters your tax choices
Recognising the significant contributions of the middle class, the Government of India has consistently reduced their tax ...
Budget 2025: New Tax Slab Vs Old Tax Slab - New Tax Regime Simplified | What Is The 87A Rebate?
Budget 2025: New Tax Slab Vs Old Tax Slab - New Tax Regime Simplified | What Is The 87A Rebate? Copyright © Network18 Media & Investments Limited. All rights reserved. Reproduction of news articles, ...
Budget 2025: Is the old tax regime on its way out as Sitharaman pushes new tax law?
The government’s move to propose a new income tax law has reignited discussions, especially since no relief was announced for ...
5 Budget 2025 proposals that save tax and eases compliance burden
Budget 2025 has hiked the income tax basic exemption limit, introduced new income tax slabs under the new tax regime, no ...