New tax regime benefits individuals earning 12-24 lakh rupees annually, saving up to 1.1 lakh rupees in income tax.
Finance Minister Nirmala Sitharaman had in July last year announced a comprehensive review of the Income-tax Act 1961.
The massive jump in the exemption limit - from Rs 7 lakh to Rs 12 lakh - shows the political instincts of this regime are ...
Latest income tax slabs 2025-26 after Budget 2025: FM Nirmala Sitharaman announced nil income tax for individuals earning up ...
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Tax Update: How was the decision of no tax on 12 lakh income taken? Nirmala Sitharaman told the whole story..While presenting the budget for the year, Finance Minister Nirmala Sitharaman gave a big relief to the middle-class employed ...
At a single stroke, 70 million taxpayers have been wholly unburdened by the budget and the middle class has seen a ...
It was under then Prime Minister and Congress leader Indira Gandhi that India saw the highest tax rate of 97.5% in 1973-74.
Union Minister for Finance and Corporate Affairs, Ms. Nirmala Sitharaman, discussed the FY26 Union Budget's focus on income tax reforms, AI, and key investments to achieve Viksit Bharat by 2047, with ...
All in all, the Budget reforms for taxpayers were meant to reduce the burden and give the opportunity to hold more money in ...
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