Tax relief for middle class families and free pre-school were the focuses of the new budget presented by Governor Ned Lamont at the state capital Wednesday.
Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating tax for incomes up to Rs 12.75 lakh. Taxpayers must compare ...
Factoring in the standard deduction of ₹75,000 for the salaried class, an income up to ₹12.75 lakh will be tax-free. This income, however, excludes capital gains, which are taxed at separate ...