Nirmala Sitharaman said that the new tax structure will boost consumption. "The new structure will substantially reduce the taxes of the middle class and leave more money in their hands ...
The revised tax structure also introduces a 25% tax slab for incomes between Rs 20 lakh and Rs 24 lakh. Finance Minister Nirmala Sitharaman stated that these revisions aim to boost disposable ...
Budget 2025 has brought significant changes to India’s tax structure, making the new tax regime more appealing to middle-class taxpayers. Budget 2025 has brought significant changes to India’s ...
New Income Tax Slabs: The revised tax structure requires individuals with an income above ₹24 lakh to pay 30 per cent income tax. (HT Photo) In a historic announcement, the finance minister ...
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 ...
Finance Minister Nirmala Sitharaman has announced a revised tax structure under the new regime that will reduce taxes and leave more money in the hands of the people. She also said during her ...
The new tax structure announced in the Union Budget 2025-26 is expected to benefit around 5.65 crore taxpayers who fall under the income slab of Rs 4 lakh and above. According to a report by the ...
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 ...
The government has revised the tax structure under the new regime with Finance Minister Nirmala Sitharaman announcing that those earning up to Rs 12 lakh annually won't have to pay any income tax.
India's personal income tax structure has seen notable reforms since the Modi government took office in 2014, with successive budgets aimed at reducing the tax burden on middle-class taxpayers.
New Delhi: The new tax structure announced in the Union Budget 2025-26 is expected to benefit around 5.65 crore taxpayers who fall under the income slab of Rs 4 lakh and above. According to a ...
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