Zero income tax up to an income of Rs 12 Lakh

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
New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025
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.
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
Budget 2025: From new income tax slabs & rates to TDS, TCS & NPS Vatsalya - top 7 income tax takeaways for middle class
Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised income tax slabs, and increased rebate thresholds under the Concessional Tax Regime,
Union Budget 2025: PM Modi announces tax-free income up to Rs 12 Lakh, major relief for middle class
In Union Budget 2025, Prime Minister Narendra Modi unveiled significant tax reforms aimed at benefiting the middle class. He states, “In this budget, income up to Rs 12 lakh per annum has been made tax-free.
Governor’s Oklahoma budget calls for $1.4 billion less spending, removal of education funding cap
Gov. Kevin Stitt on Monday called on Oklahoma lawmakers to spend nearly $1.4 billion less in the upcoming budget while ...
Budget 2025: How should equity traders asses FM’s income tax rebates? Experts weigh in
Equity traders are excluded from tax reliefs, raising concerns as market focus shifts to RBI’s monetary policy. The Union ...
The Financial Express11h
Budget 2025: Rs 12 lakh annual income tax-free but you can’t include THESE incomes for benefit
Not all your incomes qualify for the rebate benefit under Section 87A. Income from capital gains, lotteries, and other ...
India Today on MSN2h
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 ...
What does no income tax up to ₹12 lakh really mean? Decoding differences between tax rebate, deduction & exemption
Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...
INDIA BUDGET India cuts income tax in a bid to boost consumption
India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, ...