“Currently, those with income up to ₹ 5 lakh do not pay any income tax in both old and new tax regimes. I propose to increase ...

As a relief to taxpayers, Union Budget 2025 may increase the basic exemption limit, or revised slab rates can be introduced to mitigate the overall tax on middle class taxpayers. Union Finance ...

The Finance Ministry has introduced some significant changes in the last 6 months, impacting tax slabs, deductions, and ...

Income tax slab for AY 2025-26::Money experts say that depending on your situation, the old tax regime could be more advantageous if you take advantage of many deductions and exemptions.( ...

Income tax slab: In Budget 2024, Finance Minister Sitharaman introduced key changes to the income tax slabs under the new tax regime to make them more attractive for taxpayers. Along with ...

At the same time, in Budget 2024, Finance Minister Nirmala Sitharaman has made significant changes in the Income Tax Slab under the new tax regime so that it can be more attractive for taxpayers.

The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is directly proportional to their income in a financial year. The system is ...

Raise 30% Income Tax Slab to Rs 18 lakh "The 30% tax slab has remained at ₹15 lakh since 2020, despite a 21% rise in the Cost Inflation Index," Shetty notes. "We propose increasing this ...

Budget 2025 may bring income tax reforms, including the changes to tax slabs and revamp in section 80C. Details inside!

Budget expectations: In anticipation of the Union Budget 2025, taxpayers are hopeful for significant changes in the tax slabs to reduce tax burdens. The prevailing sentiment regarding the upcoming ...