There will be no tax on income up to Rs 12 lakh, more than 90% taxpayers can adopt the new tax regime: CBDT Chairman..
Chairman Ravi Agarwal has said that after the announcement of changes in tax slabs in the budget, more than 90% of taxpayers can adopt the New Tax Regime. Right now this figure is close to 75%. He said that after the budget announcement of no tax on income up to Rs 12 lakh (12 Lakh Income Tax-Free) and changes in tax slabs (Income Tax Slabs Revised),
Income Tax Slabs 2025: No income tax upto Rs 12 lakhs, check new income tax regime AY 2025-26 here
FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be simpler with a special focus on the middle class.
New Tax Regime 2025: Zero tax on 12.75 lakhs, if you earn 25,000 more then you will be charged 75,000 tax..
Giving relief to the taxpayers, Finance Minister Nirmala Sitharaman announced to make income up to Rs 12 lakh per annum tax-free in the new tax regime in the general budget for the year 2025-26. The middle class will benefit well from this.
No tax on income of up to ₹12 lakh | All your questions answered
In a major relief to the middle class in India, Union finance minister Nirmala Sitharaman on Saturday announced that no income tax will be payable on income up to ₹12 lakh. Follow LIVE updates here. This limit will be ₹12.
No Tax Up To Rs 12 Lakh: Old vs New Tax Regime – Which One Is Better For Rs 15-25 Lakh+ Income?
Union Budget 2025 brought major tax relief for the middle class, with Finance Minister Nirmala Sitharaman announcing no tax on income up to ₹12 lakh. The move aims to boost consumption amid sluggish GDP growth and promotes the new tax regime over the old one.
New Tax Regime: Should you still invest in tax-savings instruments such as PPF, NSC, ELSS, SCSS?
With no tax for income under ₹12 lakh, you have a higher incentive to opt for the new tax regime. This means your incentive ...
New tax regime has no deductions but works for some people: Analysts
New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...
New vs old income tax regime after Budget 2025: Post income tax slab changes, which tax regime is better for salaried middle class taxpayers?
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
rediff.com1d
New Tax Regime Turns More Attractive
The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions ...
Goodbye old tax regime; new regime now more attractive
Zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime, but at the same ...
The Financial Express3d
New Tax Regime vs Old Tax Regime slabs and rates: Which one should salaried taxpayers choose?
With no income tax burden for income levels up to Rs 12.75 lakh, a large section of salaried taxpayers stands to benefit.
Effects of Budget 2025: Comparing benefits of Old and New Tax Regimes for salaried taxpayers
The NDA government has implemented a range of incentives lately to promote the acceptance of the new tax regime. However, the ...
Budget 2025: New tax regime vs. old tax regime – which one should you now opt for?
Finance Minister Nirmala Sitharaman announced the new tax slabs under the new tax regime, thus offering tax saving for taxpayers. There will no income tax for salaried taxpayers earning upto ₹12.75 ...
devdiscourse2d
Tax Relief and Reforms Promote New Regime Adoption
Finance Minister announced significant tax cuts, raising the exemption limit to Rs 12 lakh, prompting many taxpayers to adopt ...
Budget 2025: Is the old tax regime on its way out as Sitharaman pushes new tax law?
The government’s move to propose a new income tax law has reignited discussions, especially since no relief was announced for ...