Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

New tax slabs announced in Union Budget 2025, offering relief to middle class with tax-exemption up to ₹12 lakh.

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a t ...

Additionally, Sitharaman introduced revisions to income tax slabs to make taxation more progressive. Individuals earning up ...

The Budget 2025 introduces significant reforms in personal income tax, aimed at providing relief to middle-class taxpayers ...

One of the biggest highlights is zero tax on annual income up to ₹12 lakh under the new tax regime.

FM Sitharaman's speech last Budget hinted at this new tax law when she said the goal was to simplify the income tax laws and ...

Learn about the new and old tax regimes, including tax rates and surcharges applicable to various income levels.

Employees earning up to Rs 13 lakh can now save income tax over and above the Rs 12 lakh income limit as there is a standard ...

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.