Income Tax
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Budget 2025: PM Modi wanted to do something on tax relief, says Nirmala Sitharaman
India | Feb 02, 2025, 04:36 PM ISTFinance Minister Nirmala Sitharaman said that the the tax proposal will allow people to have more money in their hands.
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No income tax upto Rs 12 lakh: Social media sparks meme frenzy after Budget 2025
Trending | Feb 02, 2025, 01:04 PM ISTBudget 2025 brings cheer to taxpayers! No income tax up to Rs 12 lakh sparks a meme fest on social media. Netizens rejoice and celebrate the tax relief with hilarious reactions.
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Budget 2025: Only tax-free state in India where residents need not to pay Income Tax
India | Feb 01, 2025, 07:29 PM ISTIncome Tax in India is a direct tax levied by the Government of India on the income earned by individuals, businesses, and other entities. The tax is collected as per the provisions of the Income Tax Act, 1961, and administered by the Central Board of Direct Taxes under the Ministry of Finance.
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Budget 2025: Will income tax slab change impact your take-home salary? 5 things employees must know
Budget | Feb 01, 2025, 05:40 PM ISTBudget 2025: 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 deduction of Rs 75,000 and a marginal relief of around 30,000.
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Budget 2025: Income Tax and GST rates should be halved, says 'disappointed' Arvind Kejriwal
India | Feb 01, 2025, 11:56 PM ISTThe former Delhi Chief Minister said that a large portion of the public exchequer is spent on the loan waivers for billionaires, which he had sought to end.
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Union Budget 2025 Full Speech: Nirmala Sitharaman's full address to the Lok Sabha on Budget 2025
News | Feb 01, 2025, 03:56 PM ISTBudget 2025: Union Finance Minister Nirmala Sitharaman today presented the first full budget of the third term of the Modi government and her 8th budget.
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From no Income Tax till Rs 12 lakh to Bihar Makhana Board, take a sneak peek into Budget
India | Feb 01, 2025, 02:30 PM ISTBudget 2025: To provide relief to patients in Budget, particularly those suffering from cancer, rare diseases and other severe chronic diseases, Sitharaman proposed to add 36 lifesaving drugs and medicines to the list of medicines fully exempted from Basic Customs Duty.
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Budget 2025: How much benefit will you get due to new Income Tax slabs? Explained
Budget | Feb 01, 2025, 04:01 PM ISTBudget 2025, Income Tax Slabs: Finance Minister Nirmala Sitharaman said that slabs and rates are being changed across the board to benefit all tax-payers.
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Budget 2025: Big Win for Middle Class as Sitharaman Announces No Income Tax Till Rs 12 Lakh
News | Feb 01, 2025, 12:34 PM ISTIn recognition of the significant contribution of the middle class to the economy, Finance Minister Nirmala Sitharaman stated, "We have consistently reduced tax burdens over time. I am pleased to announce that there will be no income tax on earnings up to Rs 12 lakhs."
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Budget 2025: Limit for tax deduction for senior citizens to be doubled to Rs 1 lakh, says Sitharaman
Budget | Feb 01, 2025, 04:01 PM ISTBudget 2025: 33,000 taxpayers availed Vivad Se Vishwas 2.0 scheme to settle direct tax disputes.
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Budget 2025: Big win for taxpayers, no income tax till Rs 12 lakh, Sitharaman makes big announcement
Budget | Feb 02, 2025, 06:08 AM ISTBudget 2025: Nirmala Sitharaman announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers especially the middle class. She said that the new income tax regime will be simpler, with a special focus on benefiting the middle class.
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Good news for taxpayers: Changes will come up for income tax, KYC process will be easy, says govt
Budget | Feb 01, 2025, 01:35 PM ISTBudget 2025: Union Finance Minister Nirmala Sitharaman said the new Income Tax Bill will simplify the current Income Tax law and make it comprehensible for the individual taxpayers. Moreover, the new Income Tax Bill will reduce the number of pages by about 60 per cent.
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Budget 2025: Modified UDAN scheme to connect 120 destinations to be launched, says Sitharaman
Budget | Feb 01, 2025, 12:50 PM ISTBudget 2025: The spotlight this time would also be on spending on key schemes like NREGA as well as key sectors like health and education.
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Budget 2025: Hike in exemption limit to boost in NPS, taxpayers could expect three key changes
Budget | Feb 01, 2025, 10:41 AM ISTBudget 2025: One of the key changes could be an increase in the basic exemption limit from Rs 3,00,000 to Rs 3,50,000. If the Centre approves it , this would provide relief to individuals by boosting disposable income, which, in turn, could support consumption.
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Budget 2025: I-T exemption threshold remains unchanged for 10 years - Will FM raise it this time?
Budget | Jan 31, 2025, 06:31 PM ISTBudget 2025: GTRI also suggested simplifying the Tax Deducted at Source (TDS), which was introduced in 1961 with four categories: salaries, interest on securities, dividends, and payments to contractors.
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Budget 2025: Expected changes that may bring relief for common man
Budget | Jan 31, 2025, 04:11 PM ISTThe old tax regime exempts income up to Rs 2.5 lakh from taxes and income from Rs 2.5-5 lakh attracts 5 per cent tax.
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Budget 2025: When was Income Tax introduced in the Union Budget? Know here
Budget | Jan 31, 2025, 07:56 AM ISTBudget 2025: With Union Budget 2025 around the corner, discussions on income tax slabs, exemptions, and potential reforms are once again in focus, as taxpayers eagerly await announcements that could impact their financial planning for the coming year.
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Zero tax nations vs high tax countries: A global look at Income Tax systems
Personal Finance | Jan 23, 2025, 06:41 PM ISTDiscover the stark differences between tax-free countries like the UAE and Kuwait, where citizens enjoy zero income taxes, and high-tax nations like Finland and Denmark, which fund social welfare programs. This global tax comparison highlighted diverse economic models and their impact on citizens.
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Budget 2025: Big relief for taxpayers? Govt likely to introduce new Income Tax Bill, say sources
Budget | Jan 18, 2025, 11:12 PM ISTThe government is set to unveil a new Income Tax Bill during the Budget 2025 session, replacing the decades-old Income Tax Act, 1961.
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Centre likely to announce personal income tax relief in upcoming Budget 2025: ICRA
Budget | Jan 17, 2025, 01:17 PM ISTBudget 2025: ICRA estimated a 12 per cent growth in direct tax collections for FY2026, driven by increased income and corporate tax revenues.