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 Nirmala Sitharaman instead made adjustments to the slabs, rates, and rebates within the new regime.
What is marginal relief under new tax regime and how it works after Budget 2025 changes
Marginal relief is available to resident individuals whose income exceeds ₹12 lakh but does not exceed ₹12.75 lakh. If a taxpayer’s income exceeds ₹12.75 lakh, marginal relief no longer applies, and they will be subject to the regular tax rates.
FY2025-26 New Income Tax Slabs Under Revised Tax Regime – A Detailed Breakdown
To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union Budget 2025-26 presentation, increasing the income tax exemption limit to Rs 12 lakhs.
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
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 | 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,
India Budget 2025: Zero Income Tax till ₹12 lakh income under new tax regime, announces FM Nirmala Sitharaman
Indian Finance Minister, Nirmala Sitharaman on Saturday (Feb 1) announced a major relief for the middle class in India with a special tax exemption for salaried individuals. As per the announcement, under the new tax regime,
Union Budget 2025: Big relief for middle class as no income tax payable upto income of Rs 12 lakh, says FM
In a big bonanza for salaried taxpayers, Finance Minister Nirmala Sitharaman announced that there will be no income tax to be paid for income levels up to Rs 12 lakh. Income Tax Budget 2025 Live: What are the income tax slabs,
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New income tax regime: Check how much you'll save with these simple calculations
Tax experts explain how the new income tax changes impact taxpayers across income levels, from Rs 6 lakh to Rs 1 crore, after ...
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New Tax Regime Turns More Attractive
The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions ...
Goodbye old tax regime; new regime now more attractive
Zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime, but at the same ...
Fortune India12h
Almost 100% taxpayers likely to shift to new tax regime: CBDT chairperson
When asked whether the budget announcement of zero tax on annual income up to ₹12 lakh would lead to 100% of taxpayers ...
Old tax regime vs new tax regime: How to choose and switch
As the Finance Minister presented the Union Budget 2025, taxpayers are left pondering: Old Tax Regime or New Tax Regime? Which one should one opt for? With changes to income tax slabs for FY26.
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Tax Relief and Reforms Promote New Regime Adoption
Finance Minister announced significant tax cuts, raising the exemption limit to Rs 12 lakh, prompting many taxpayers to adopt ...
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UBA Knowledge Series: Experts Guide SMEs On Documentation In New Tax Regime
This advice was shared during the first edition of the United Bank for Africa (UBA) Knowledge Series webinar, in the year ...
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Still Calculating Your Tax Under New Slabs? Three Questions About New Tax Regime Answered
The relief applies only to those who have opted for the new tax regime, it has sparked numerous questions about its real benefits. Here's a layman's explanation to help understand the changes.
Budget 2025: CBDT chief dismisses talk of silent burial for old tax regime, expects 97% shift to new system
Ravi Agarwal, Chairman of the Central Board of Direct Taxes, says Income Tax Act simplified by 50% in new draft bill with ...