Various allowances within the new income tax regime can assist in reducing the taxable income to the Rs 12 lakh limit. Latest income tax calculation post Budget 2025: Starting April 1, 2025, individuals earning up to Rs 12 lakh in taxable income under the new income tax regime will not need to pay any tax….
ITR filing: The zero-tax income threshold has been increased from Rs 7 lakh to Rs 12 lakh. Income Tax Slabs FY 2025-26 after Budget 2025: Finance Minister Nirmala Sitharaman’s big announcement that taxpayers will no longer have to pay tax for income up to Rs 12 lakh from FY 2025-26 onwards has been met with…
Key aspects of the New Income Tax Bill 2025 are given below: By Gaurav Mehndiratta and Siddharth Kaul New Income Tax Bill 2025: After the third term re-election of the Indian Government, in the Budget speech, the finance minister (FM) announced a comprehensive review of the Income Tax (IT) Act, focusing on four primary pillars:…
The Union Cabinet approved the New Income Tax Bill on Friday. New Income Tax Bill LIVE: Finance Minister Nirmala Sitharaman may table the New Income Tax Bill in the Parliament on Tuesday. The intention to introduce the New Income Tax Bill was first announced by FM Sitharaman in her Union Budget 2025 speech.The Union Cabinet…
Budget 2025: Here are 8 salary perks that taxpayers can avail to reduce their tax outgo under the old income tax regime. (AI image) New versus old income tax regime post Budget 2025: The new tax regime now offers complete tax exemption for annual earnings up to Rs 12 lakh. Including the Rs 75,000 standard…
All the taxpayers in the new tax regime have some reason to celebrate, irrespective of income levels. By Parizad SirwallaBudget 2025 income tax: In the run up to the Budget 2025, individual taxpayers were eagerly looking forward to favorable tax reforms. The FM seems to have brought some cheer to them through her proposals.Recognizing the…
Income tax slabs FY 2025-26: The most important takeaway is that individuals earning up to Rs 12 lakh will have to pay ZERO tax. (AI image) Latest Income Tax Slabs FY 2025-26 after Budget 2025: The income tax slabs and income tax rates under the new tax regime have been revised for FY 2025-26. The…
Latest income tax slabs: The slab rates are easy to remember, slab changes with every block of 4 lakh and corresponding tax rates changes 5% up to six blocks By Anand DheliaAs a common man of India, I would like to compliment and thank Hon’ble Finance Minister (FM) for being considerate towards the middle class…
GST reforms: The primary objective will be to restructure the tax slabs to ensure meaningful outcomes. More tax relief coming soon? The Narendra Modi government, having provided substantial relief in personal income tax and customs tariff rationalisation in the Union Budget 2025, is now expected to initiate efforts to streamline the goods and services tax…
The Times Conversations panel discussion, organised by The Times of India in collaboration with the Bower School of Entrepreneurship, provided an in-depth exploration of Budget 2025 and its impact on startups and entrepreneurship. Eminent panellists shared their insights on how the government’s initiatives will shape the future of India’s startup ecosystem, making it more dynamic…
