1 day ago · What are the changes to the tax slabs in the new tax regime? In Budget 2025, Finance Minister Nirmala Sitharaman has announced changes to the tax slabs in the new regime. A salaried individual will pay zero tax for annual income up to Rs 4 lakh. In the Rs 4 lakh - to Rs 8 lakh bracket, five per cent income tax will be applied.

18 hours ago · Union Budget 2025: Apart from zero tax for about a crore people earning Rs 12 lakh a year, slabs also recast to benefit those in higher salary brackets. ... Rs 12 lakh per annum had an annual tax liability of Rs 80,000, she will have to pay no income tax in the financial year 2025-26. New Tax Regime Income tax slabs.

1 day ago · Budget 2025 Income tax slab changes: The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income above Rs 15 lakh. However, the new tax regime offers limited deductions to taxpayers. Read this story to understand the income tax slabs proposed for the upcoming financial year …

1 day ago · Latest Income Tax Slabs, Rates In Budget 2025: As widely expected, Finance Minister Nirmala Sitharaman on Saturday announced huge income tax relaxations in the first full Budget of the Modi 3.0 government.Income up to Rs 12 lakh of normal income, other than capital gains income, is tax free. Here are the latest slabs and rates of income tax under the new tax regime for the financial year 2025 ...

1 day ago · According to details outlined in Budget 2025, a tax payer in the new regime with an income of ...

1 day ago · Under the Budget 2025 proposal, effective from AY 2026-27, Section 87A has been revised for resident individuals under the default tax regime, increasing the rebate limit from ₹ 7 lakh to ₹ 12 ...

1 day ago · In Budget 2025, Finance Minister Nirmala Sitharaman introduced a groundbreaking tax reform aimed at benefiting the middle class and salaried individuals. The new tax regime offers zero tax up to ₹12 lakh, alongside simplified slabs that …

1 day ago · Union Budget 2025 highlights: Lauding the new tax regime, PM Modi said that his government seeks to put more money in the pockets of people, increase savings and make citizens partners in the ...

1 day ago · Budget 2025 | Relief for middle class: No tax on income up to ₹12 lakh in new tax regime. Factoring in the standard deduction of ₹ 75,000 for the salaried class, an income up to ₹ 12.75 lakh ...

1 day ago · Those earning up to Rs 12 lakh annually won't have to pay any income tax under the new regime. Add to it the standard deduction of Rs 75,000 and taxpayers with up to Rs 12.75 lakh annual income ...