Elon Musk of the Department of Government Efficiency has sought to find $1 trillion or $2 trillion to cut from the federal ...

The Union Budget 2025-26 tabled in the parliament on Saturday was a pleasant surprise for the middle class and the salaried professionals with the increase in income tax exemption. The Free Press ...

The first day of February 2025 started on a joyful note as Finance Minister Nirmala Sitharaman announced several key points in her Union Budget speech. In her opening statements ... of the budget was ...

Also read: New income tax slabs in Budget 2025: 30% tax now starts at Rs 24 lakh, 25% tax rate introduced for incomes between Rs 20-Rs 24 lakh The Finance Minister said in Budget 2025 speech: "I am ...

Finance Minister Nirmala Sitharaman in her Union Budget 2025 speech today ... changes and rebate at different income levels can be illustrated with these examples: A taxpayer in the new regime ...

The new tax slabs were announced by Union Finance Minister Nirmala Sitharaman, presenting the Union Budget 2025 on Saturday (February 1, 2025). No tax for income up to ₹4 lakh per annum.

Union Finance Minister Nirmala Sitharaman on Saturday announced during the Budget 2025 that no income tax will be paid on earnings up to Rs 12 lakh, or up to Rs 12.75 lakh including standard ...

Under the new tax regime, taxpayers earning up to Rs 12 lakh (Rs 12.75 lakh for salaried taxpayers with a standard deduction of Rs 75,000) will have to pay zero tax. By accepting cookies, you agree to ...

The rejigged tax slabs introduce a 10% tax rate for income between Rs 8-12 lakh, with varying rates for higher incomes. Soon after the budget speech, DMK MP Dayanidhi Maran termed the budget ...

In Budget 2025, Finance Minister Nirmala Sitharaman ... these expectations now remain unfulfilled. For example, if one has an annual taxable income of Rs 10,00,000 and the individual qualifies for a ...

The central government's debt to GDP is expected to steadily decline from 57.1 percent in FY2024–2025 to less than 50 percent by FY2030–2031 Fixed income experts feel that Budget 2025 has ...

due date and actual date of submission of return. Income Tax Slabs | Budget 2025 LIVE: “There is an interesting change to the income tax law with respect to foreign companies branch taxation ...