ITR filing 2025: The NDA government 3.0 introduced a major income tax relief for the salaried class in the Union Budget 2025. Union Minister for Finance and Corporate Affairs Nirmala Sitharaman announced that individuals will not have to pay any income tax on total earnings up to Rs 12 lakh. This translates to an average monthly … Read more
Income tax calculations: The Union Budget 2025 raised the income tax exemption threshold to Rs 12 lakh, effectively making incomes up to this amount tax-free. For salaried individuals, this limit increases to Rs 12.75 lakh after factoring in the standard deduction of Rs 75,000 under the new tax regime for FY 2025-26. This has become possible … Read more
Finance Minister Nirmala Sitharaman faced a blunt plea for middle-class relief when a social media user tagged her calling for help. Tushar Sharma, a user on X, voiced a sentiment many are feeling, posting: “I humbly request you to consider providing some relief for the middle class. I understand the immense challenges involved, but it’s … Read more
Union Budget: There is a considerable amount of anticipation and speculation surrounding the potential benefits that various sectors are expecting from the Finance Minister. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for the fiscal year 2024-2025 in the third week of July. The Budget is expected to include a breakdown of … Read more
Budget 2024: Finance Minister Nirmala Sitharaman will be presenting the Union Budget for 2024-25 later this month. Since the beginning of this year, taxpayers have been expecting some relief and concession on the tax front. But were disappointed in the Interim Budget as the finance minister proposed to retain the same tax rates for both … Read more