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

In a big relief for the middle class, Union Finance Minister Nirmala Sitharaman said those earning an annual income of up to ...

Income tax on cryptocurrency transaction. After Budget 2025 there is no change in taxation of cryptocurrencies as they ...

Stay tuned for live updates as FM Sitharaman presents her eighth Union Budget 2025. Follow our live coverage for all the ...

India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, ...

Finance Minister Nirmala Sitharaman said in her 2025 Budget speech that a new income tax bill would be announced next week.

With the new tax slabs, the standard deduction of ₹75,000, over and above the ₹12 lakh limit under the new tax regime, furthers the agenda of driving up savings, investments and consumption.

The CBDT Chairman also cited the new tax regime (NTR), where there are no deductions or exemptions allowed like the old ...

The Union Budget 2025 brought a groundbreaking announcement—income up to Rs 12.75 lakh will now be tax-free under the new tax ...

Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.

Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...