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Source: Live Mint Finance minister Nirmala Sitharaman unveiled the Union Budget 2025-26 on 1 February, introducing a series of measures aimed at easing taxpayers’ burden. Here’s a breakdown of the key changes: No tax on income up to ₹12 lakh In a major relief for taxpayers, the Union Budget has proposed raising the tax-free income…
Source: Live Mint Budget 2025 brought unexpected cheer to a large section of middle-class taxpayers who opt to file their returns under the new tax regime. Thanks to generous rebates announced, individuals earning up to ₹12 lakh an annum will not be required to pay any tax on incomes from sources such as salary. They…
Source: Live Mint Budget 2025 Finance Minister Nirmala Sitharaman presented an annual budget to Parliament on Saturday that focused on wooing the salaried middle class with tax cuts. In a booster dose for the middle class, she announced an exemption from income tax up to ₹12 lakh. This limit will be ₹12.75 lakh for salaried…
Source: Live Mint Budget 2025 Income Tax Changes: Finance Minister Nirmala Sitharaman proposed sweeping tax reforms for the middle class in the Budget 2025. From zero tax on income of up to ₹12 lakh to cutting the income tax rates proposed in the new tax regime, Budget 2025 came as a much needed relief for…
Source: Live Mint Union Budget 2025: Is the govt planning to phase out the old regime? Nirmala Sitharaman has proposed to introduce the new income tax law in Budget 2025. With this, the rumours of phasing out the old regime have reviewed. As we know the new tax regime offers concessional tax rates but does…
Source: Live Mint Finance Minister Nirmala Sitharaman announced a major overhaul of the income tax system while outlining the Budget on Saturday. Individuals earning up to ₹12 lakh annually will no longer have to pay any tax under the new income tax regime — with benefit of ₹80,000. Sitharaman also proposed a change to the…
Source: Live Mint Union Finance Minister Nirmala Sitharaman delivered her 8th consecutive Union Budget today, February 1, 2025, at 11 am. The Budget aims to provide significant benefits to taxpayers, particularly the middle class, by reducing the tax burden and leaving more disposable income in their hands. Major changes in the income tax slabs for…
Source: Live Mint Budget 2025: In India, the maximum income tax rate is 30 percent for those in the highest income bracket before a surcharge of up to 25 or 37 percent depending on which regime (new or old) and a 4 percent cess on the combined figure. In Budget 2023, the government had cut down…
Source: Live Mint Income tax Budget 2025 LIVE: Finance Minister Nirmala Sitharaman will present Budget 2025 at 11 am on February 1. Will the focus be on potential changes to income tax slabs, exemptions, and deductions? What are the expectations of the middle class? Will they get any relief from Union Budget 2025 announcements? Will…
Source: Live Mint Hybrid mutual funds are funds that invest in multiple asset classes. Their investments constitute a collection of equity, debt, gold and even real estate. This kind of planned diversification while investing helps in managing risk and returns. Hence, ensuring both growth potential and stability making the case for them as solid investment…
