tax-free income limit

New financial year 2025-26: Will taxpayers have more money in hand as promised by FM Sitharaman?

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New financial year 2025-26: Will taxpayers have more money in hand as promised by FM Sitharaman?

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

Budget 2025: Why the rebate under Section 87A is groundbreaker for taxpayers. Here’s what it means

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Budget 2025: Why the rebate under Section 87A is groundbreaker for taxpayers. Here’s what it means

Budget 2025: Last week, Finance Minister Nirmala Sitharaman announced that there will be no taxes on normal income up to Rs 12 lakh starting from the financial year 2025-26 under the New Tax Regime. The Budget 2025 proposed that the tax-free income limit for salaried employees in the new regime will increase to Rs 12.75 … Read more