The upcoming financial year 2025-26, which commences on April 1, 2025, is poised to enhance the disposable income of numerous taxpayers nationwide, courtesy of recent policy changes. Finance Minister Nirmala Sitharaman introduced a Budget that is favourable to the middle class, introducing a range of tax benefits aimed at increasing the funds available to ordinary … Read more
Tax calculations: The Centre has once again aimed to enhance the appeal of the New Tax Regime by introducing lower tax rates and reducing deductions. This restructuring aims to simplify taxation, while the Old Regime continues to provide tax benefits through various exemptions and deductions. The proposed income tax slabs in the Union Budget 2025 … Read more
Union Budget 2025: In the Union Budget 2025, Finance Minister Nirmala Sitharaman revealed an increase in the basic tax exemption limit in the new tax regime. The limit has been raised from Rs 3 lakh to Rs 4 lakh, providing a significant benefit to a large portion of salaried taxpayers. With no income tax burden … Read more
Finance Minister Nirmala Sitharaman didn’t mince words when addressing middle-class taxpayers. Acknowledging their struggles, she outlined tax tweaks in last Budget aimed at putting more money in their pockets—without breaking the government’s bank. “I respect the issue of giving relief to the middle class. I wish to do more, but there are limitations in taxation. … Read more
Finance Minister Nirmala Sitharaman made it clear that there will be no reduction in tax rates under the old regime, addressing calls from taxpayers for similar rate cuts to both old and new regimes. The minister, who was speaking at a News18 event, clarified that the government is not forcing anyone to switch from the … Read more
Union Budget income taxes: In the first Budget of the Modi 3.0 government, Finance Minister Nirmala Sitharaman introduced many important changes to income taxes. The most prominent was the tweaking of tax slabs and increase in Standard Deduction limit under the New Tax Regime. However, she didn’t introduce any change in the Old Tax Regime. … Read more