The new tax regime offers five income tax slabs to taxpayers. The highest income tax rate of 30% is applicable if the net taxable income exceeds Rs 15 lakh. The new tax regime offers a tax rebate of ...

The Budget did not make any changes to the tax rates or slabs in the old tax regime, making it unattractive. Taxpayers opting for the new tax regime are not allowed to claim deductions or rebates ...

Over the past decade, key changes have included higher exemption limits, revised tax slabs, and enhanced rebates, reflecting a consistent push for tax relief. Budget 2025 prioritised three key ...

Under the new slabs, taxpayers with Rs 12 lakh annual income will get a benefit of Rs 80,000 and those earning Rs 18 lakh will get a benefit of Rs 70,000, Ms Sitharaman told the parliament.

Income Tax 2025: Nirmala Sitharaman’s 2025 budget introduces a revamped tax structure, eliminating income tax for earnings up to Rs. 12 lakh. (REUTERS) Union Finance Minister Nirmala Sitharaman ...

But the Budget speech, which also announced revised tax slabs, has left many confused over the relief they will be getting. The tax slabs under the new regime have been revised in Budget 2025.

Revised income tax slabs: Nirmala Sitharaman announced that annual incomes up to ₹12 lakh will be tax-free to stimulate consumption. Revised Income tax slabs: Union finance minister Nirmala ...

Rueben Paul Peeni repeatedly bashed his former partner Crystal Lee-Selwyn with a seven-kilogram paving stone outside their Hamilton home. Two children, age just six and 14, tried to stop the attack ...

Two dead and 8 wounded among civilians, dozens of broken and burned houses and infrastructure facilities in the Belgorod ...

No, the rebate is only applicable for those earning up to Rs 12 lakh. If your taxable income is even a rupee more than Rs 12 lakh, you will have to pay taxes as per the slab rates under the new tax ...

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ...