Finance Minister Nirmala Sitharaman today stated that the income tax rebate announced in the Budget will benefit the Indian economy. “The rebate on income has gradually increased from ₹2.5 lakh to ₹5 lakh per annum. Now, the government has decided that if someone earns ₹1 lakh per month, they will receive a tax rebate. This … Read more
Income Tax-Budget 2025: In the 2025 Union Budget, Finance Minister Nirmala Sitharaman provided much-needed relief to the middle class by introducing a significant update to the income tax slabs in the new tax regime. As per the revised structure, individuals with yearly earnings not exceeding Rs 12 lakh will be relieved from paying income tax, … Read more
Union Budget: In this year’s Budget, Union Finance Minister Nirmala Sitharaman announced relief for taxpayers in the New Tax Regime by raising the Standard Deduction limit from Rs 50,000 to Rs 75,000. The revised tax slabs for the New Tax regime, applicable from April 2025, will allow salaried employees to save up to Rs 17,500 … Read more
New Tax rules 2023: The Government of India announced several new rules for the Income Tax in the Union Budget 2023. One of the significant announcements regarding personal taxation was the declaration of the New Income Tax Regime as the default tax regime. In her Budget speech for 2023-24, Union Finance Minister Nirmala Sitharaman said budget … Read more