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Source: Live Mint Your Budget 2025 Guide: Under the new income tax slabs, income up to ₹12 lakh will now be tax-free. Previously, income up to ₹15 lakh was taxed between 5% and 20%, with anything above ₹15 lakh taxed at 30%. The government released FAQs to clarify these changes, focusing on the new income…
Source: Live Mint As Budget 2025 draws near, middle-class taxpayers are looking forward to possible income tax revisions that could provide much-needed relief. In her eighth straight budget, will Finance Minister Nirmala Sitharaman make any announcements that will majorly impact the middle class by increasing their disposable income and promoting long-term financial growth? All eyes…
Source: Live Mint Income Tax Budget 2025: The Union Budget in July 2024 disappointed individual taxpayers with limited changes. Now, the salaried class are keenly awaiting whether the upcoming Budget 2025 will deliver the much-needed tax relief to alleviate mounting financial pressures. The emloyeed class expects relief in the budget on tax costs they bear…
Source: Live Mint As the Union Budget 2025 draws near, there’s a growing buzz about potential changes in Income Tax policies for the common man. Experts have offered several recommendations focusing on significant changes to personal income tax, specific tax areas like EVs and crypto, housing benefits, savings incentives, and more. These proposed reforms aim…
Source: Live Mint Will the old tax regime be scrapped? No official announcements indicate that the government will abolish the old tax regime. However, discussions about its future have been ongoing. The new tax regime was introduced in the 2020 Union Budget, offering lower tax rates but without the exemptions and deductions available under the…
