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.
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 categories taxed at special rates remains ineligible for the rebate, leaving many taxpayers with unexpected liabilities.
Budget 2025: Salaried People With Incomes Between Rs 12-24 Lakh To See 25-31% Tax Reduction
Those earning between Rs 12 lakh and Rs 24 lakh (or Rs 24.75 lakh for salaried individuals) will pay 25-31% less tax. Individuals with an annual income exceeding Rs 24 lakh will save Rs 1.1 lakh in taxes under the proposed regime.
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, which is projected to grow at its slowest pace in four years.
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
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.
Income Tax Cuts in Union Budget To Boost 2-Wheeler and Passenger Vehicle Sales: Jefferies
Union Budget raising the income tax exemption limit to Rs 12 lakh is expected to give a big boost to the demand of 2-wheelers ...
Budget 2025: Which tax regime is better for deductions, exemptions
Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 ...
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 ...
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 ...
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When It Comes to Tax Cuts, South Carolina Is a Red State Outlier
South Carolina residents are seeing rates go down thanks to a law passed in 2022, but the state still charges a lot more than North Carolina and other southeastern neighbors.
INDIA BUDGET-India's Tax Cut Plans Will Boost Consumption, Top Execs Say
This comes after the government said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay ...
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 ...