Finance Minister Nirmala Sitharaman has announced in the budget that if your income is Rs 12 lakh per annum, then you will not have to pay any tax. Apart from this, the basic tax exemption has been ...

Budget 2025: The recent announcement of a Nil tax rate for individuals with taxable income of up to Rs 12 lakh in the fiscal year 2025-26 has been met with enthusiasm by those within this income ...

ITR filing 2025: The NDA government 3.0 introduced a major income tax relief for the salaried class in the Union Budget 2025. Union Minister for Finance and Corporate Affairs Nirmala Sitharaman ...

Tax-free vs tax exemption: In a major relief to middle-class salaried people, Finance Minister Nirmala Sitharaman hiked the tax rebate available to individual taxpayers. In her Budget speech, the ...

New Tax Regime Calculations: In Budget 2025, Finance Minister Nirmala Sitharaman proposed new tax regime income tax slabs. Once the slabs come into effect, income up to Rs 12 lakh for non-salaried ...

Income Tax Slabs FY 2025-26 after Budget 2025: Finance Minister Nirmala Sitharaman announced that taxpayers will not have to pay tax for income up to Rs 12 lakh from FY 2025-26. The basic income ...

The government gave a big relief to the taxpayers in the Budget 2025-26 by announcing that income up to Rs 12 lakh annually (and Rs 12.75 lakh with standard deduction of Rs 75,000) will be completely ...

Taxpayers with incomes of up to Rs 12 lakh will not have to pay tax. Budget 2025 has clarified that all the special rate incomes, including short-term capital gains (STCG) under Section 111A of the ...