The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income above Rs 15 lakh. However, the new tax regime offers limited deductions to taxpayers.

Standard deduction has been raised from the current ₹25,000 to 60,000 now and tax rebate under section 87A which was ₹25,000 has now been raised to ₹60,000

Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the no-tax limit from ₹7 lakh to ₹12 lakh and introduced revised tax slabs. The government expects its revenue from income tax to increase 14.

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the midd

From an increase in standard deduction, more income tax rebate, to slab revisions, there are a number of expectations that the taxpayers of the country have from the Union Budget 2025-26. In his Budget 2025 session speech on Friday,

Additionally, Sitharaman introduced revisions to income tax slabs to make taxation more progressive. Individuals earning up to Rs 25 lakh will now benefit from tax savings of up to Rs 1.1 lakh. With the inclusion of the standard deduction,

Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and

The Union Budget 2025 brought a groundbreaking announcement—income up to Rs 12.75 lakh will now be tax-free under the new tax regime. This major tax relief has sparked widespread reactions, with Shaadi.

Finance Minister Nirmala Sitharaman unveiled key tax reliefs for India’s middle class in the Union Budget 2025, featuring a simplified tax structure, a higher TCS threshold on foreign remittances, and enhanced benefits for salaried individuals.