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 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 ...

Individuals earning up to Rs 12 lakh per annum will be exempt from income tax, while those with annual incomes above Rs 24 lakh can save up to Rs 1.10 lakh. Individuals having an annual income of Rs ...

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 ...

“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 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 ...

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 ...

For those earning over Rs 24 lakh, can look forward to a tax benefit of Rs 1.10 lakh. Sitharaman, in her 2025-26 Budget proposed new tax slabs under which people earning up to Rs 12 lakh will pay Nil ...

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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 ...

Government sources indicate possible major revisions, such as exempting annual incomes up to Rs 10 lakh from taxation or introducing a 25% tax slab for incomes ranging from Rs 15 lakh to Rs 20 lakh.

the following income tax slabs apply: Up to Rs 2.5 lakh: No tax is applicable. Rs 2.5 lakh to Rs 5 lakh: 5 per cent Rs 5 lakh to Rs 10 lakh: 20 per cent Rs 10 lakh and above: 30 per cent The ...