New income tax slabs for FY 2025-26 in Budget 2025: 30% tax now starts at Rs 24 lakh, 25% tax rate introduced for incomes between Rs 20-Rs 24 lakh
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income above Rs 15 lakh. However, the new tax regime offers limited deductions to taxpayers.
Union Budget 2025: Personal Income Tax Slabs & Changes
The Union Budget 2025 brings substantial tax relief to individuals earning up to ₹12 lakh, making them effectively tax-free. The revised tax slabs, enhanced Section 87A rebate, and marginal relief provisions significantly benefit the middle class while simplifying compliance for taxpayers and businesses.
FM Sitharaman donned a Madhubani silk saree as she presented her eighth budget, highlighting Bihar projects. The opposition ...
Shrivastava was responding to Shaadi.com founder Anupam Mittal, who highlighted that with this revision, almost 90% of tax ...
Stay tuned for live updates as FM Sitharaman presents her eighth Union Budget 2025. Follow our live coverage for all the ...
The first full Budget of Modi 3.0, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, has introduced major ...
The Cabinet meeting was held after Sitharaman, who carried a 'Bahi-Khata', met President Droupadi Murmu, accompanied by MoS Finance Pankaj Choudhary and other officials from her ministry.
Indian stock market indices, Sensex and Nifty 50, traded lower amid volatility today, 1 February 2025, after the Union Budget ...
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