The new tax regime offers five income tax slabs to taxpayers. The highest income tax rate of 30% is applicable if the net taxable income exceeds Rs 15 lakh. The new tax regime offers a tax rebate of ...

What are tax slabs, and how do they work? Tax slabs are the brackets under which your income is taxed at increasing rates as you earn more. With the introduction of the new tax regime, these slabs ...

Over the past decade, key changes have included higher exemption limits, revised tax slabs, and enhanced rebates, reflecting a consistent push for tax relief. Budget 2025 prioritised three key ...

For example, if your taxable income is ₹24L, your tax might reduce by ₹1.25L per year under the revised regime, leading to monthly TDS savings of ₹10,400. Is ChatGPT Safe for Uploading Personal Tax ...

Revised income tax slabs: Nirmala Sitharaman announced that annual incomes up to ₹12 lakh will be tax-free to stimulate consumption. Revised Income tax slabs: Union finance minister Nirmala ...

Under the old tax regime, deductions under Sections 80C, 80D, and 80TTA continue to be available, making it beneficial for individuals with significant investments and expenses. Since April 1, 2023, ...

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The Budget 2025 is set to introduce significant changes to the income tax slabs, particularly benefiting the middle class. Currently, the new tax regime features slabs where income up to ₹3 lakh ...

Under the new slabs, taxpayers with Rs 12 lakh annual income will get a benefit of Rs 80,000 and those earning Rs 18 lakh will get a benefit of Rs 70,000, Ms Sitharaman told the parliament.

Finance Minister Nirmala Sitharaman announced that the government will provide rebates to those earning up to Rs 12 lakh ...

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 ...