Taxes after Budget 2025: How much tax will an individual pay on Rs 36 lakh annual salary if he gets a hike of Rs 1 lakh?

Taxes after Budget 2025: How much tax will an individual pay on Rs 36 lakh annual salary if he gets a hike of Rs 1 lakh?

Tax-Budget 2025: During the presentation of the Union Budget 2025-26 in Parliament on February 1, Saturday, Union Finance Minister Nirmala Sitharaman introduced several measures. One of the key proposals in the new tax regime is the complete exemption for individuals earning up to Rs 12 lakh annually. This move aims to provide relief to the middle-class … Read more

Specified mutual fund schemes: How these mutual funds will be taxed after Union Budget 2024?

Specified mutual fund schemes: How these mutual funds will be taxed after Union Budget 2024?

Union Budget taxation: Specified Mutual Fund refers to a type of mutual fund, regardless of its designation, that has a predetermined maturity date. In this fund, a maximum of 35% of the total capital is invested either directly or indirectly in the equity shares of companies within the domestic market.  For the Specified mutual fund … Read more