She added that the thought process behind revising the tax slabs was to simplify the tax process and make compliance easier for the taxpayers.
The Union Budget 2025 has introduced a new rebate for incomes up to ₹12 lakh, but it’s not a one-size-fits-all benefit.
Budget 2025 announcements included reforms related to income tax, TDS, tax on second housing property, crypto investent, etc.
Ravi Agrawal, in a post-Budget interview, pointed out that the income tax payment provisions announced in Budget 2025 not only benefit those who earn Rs 12 lakh per annum, but across all income ...
Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the ...
The Union Budget 2025-26 has delivered the largest tax exemption hike in two decades, allowing individuals earning up to Rs 12 lakh annually to pay zero income tax under the new regime. This move aims ...
While a majority of the middle class is said to benefit out of the new tax regime, it takes away all the exemptions on ...
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In a post-Budget interview exclusively to PTI, Agrawal said the government's and the Income-Tax Department's philosophy and approach is to ensure a 'non-intrusive' tax administration in the country ...
The Union Budget 2025-26 introduced several key measures, including changes in tax slabs and an additional borrowing ...
The Union Budget 2025-26 highlights the promotion of medical tourism and 'Heal in India' initiative, alongside easier visa ...