Income Tax 2025: Nirmala Sitharaman’s 2025 budget introduces a revamped tax structure, eliminating income tax for earnings up to Rs. 12 lakh. (REUTERS) Union Finance Minister Nirmala Sitharaman ...

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist ...

Over the past decade, key changes have included higher exemption limits, revised tax slabs, and enhanced rebates ... threshold limit from ₹7 lakh to ₹10 lakh and the doubling of the TDS ...

Sitharaman proposed new tax slabs under which people earning up to Rs 12 lakh will pay Nil tax. For salaried class, this limit could go up to Rs 12.75 lakh per annum after taking into account ...

Additionally, Sitharaman revealed that income tax slabs and rates are being revised ... For income between Rs 8 lakh and Rs 12 lakh, a 10% tax rate will be applicable, whereas those earning ...

Finance Minister Nirmala Sitharaman, in her Budget announcement, exempted individuals earning up to twelve lakh rupees per year from income tax and restructured the tax slabs. For salaried ...

“The proposed hike in tax collected at source threshold on remittances under the Reserve Bank of India's Liberalised Remittance Scheme from ₹7 lakh to ₹10 lakh should benefit the travel and ...

The Budget 2025 is set to introduce significant changes to the income tax slabs, particularly benefiting the middle class. Currently, the new tax regime features slabs where income up to ₹3 lakh ...

The Finance (No.2) Act, 2024 had the following slabs in the new tax regime for person ... 61,500/-(5% of Rs.4 lacs+10% of 4 lac and 15% of Rs.10 thousand). However, due to marginal relief ...

If our budget allows, we may implement both measures — making income up to Rs 10 lakh tax-free and introducing a 25 per cent slab for income between Rs 15 lakh and Rs 20 lakh.” The ...