Those earning between Rs 12 lakh and Rs 24 lakh (or Rs 24.75 lakh for salaried individuals) will pay 25-31% less tax.

With the proposed changes, NPTR will now become far more appealing for individuals as it would mean availing beneficial tax ...

The Budget 2025 brings major tax relief for the middle class, making the new tax regime more attractive. From higher exemptions to simplified compliance, the reforms aim to boost savings, investment, ...

This February, several financial changes are set to take effect, including the announcement of the Union Budget 2025, new ...

The Narendra Modi government plans to streamline the GST framework after making significant changes to personal income tax ...

Fiscal consolidation glide path is maintained with the Union Budget and tax cuts should spur discretionary consumption ...

Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 ...

Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

For salaried individuals and pensioners, the standard deduction has been increased to Rs 75,000. This effectively raises ...

Not all your incomes qualify for the rebate benefit under Section 87A. Income from capital gains, lotteries, and other ...

The entrepreneur said that the Indian middle class has always been ‘a punching bag’, with the taxpayers ‘taxed at every turn, ...