The Centre is set to implement new income tax slabs for the financial year 2025-26, announced in the Union Budget 2025 by Finance Minister Nirmala Sitharaman. This change will take effect from April 1, 2025, marking a shift in the taxation landscape. One of the notable features of the new tax regime is the increase … Read more
In Budget 2025, Finance Minister Nirmala Sitharaman unveiled significant income tax savings, giving taxpayers more funds and introducing modifications to the way they compute their obligations. A noteworthy point is that individuals with earnings up to Rs 12 lakh are exempt from paying income tax in the updated taxation system. During her speech, the Finance … Read more
Rishabh Zaveri, director at Anand Rathi Wealth Limited, shed light on an unexpected tax dilemma triggered by the Union Budget 2025. While the budget’s announcement of nil tax for taxable income up to Rs 12 lakh seemed like a win for many, it introduced an unforeseen challenge for those whose earnings teeter just above this … Read more