Tag: income tax slab

No Government Has Given Such Tax Relief To Middle Class So Far: Amitabh Kant To NDTV

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No Government Has Given Such Tax Relief To Middle Class So Far: Amitabh Kant To NDTV

New Delhi: The income tax benefit announced for the middle class in the Union Budget 2025-26 on Saturday is the biggest relief provided by any government for the concerned economic strata so far, India’s G20 Sherpa and former NITI Aayog CEO Amitabh Kant has said. The budget for the upcoming financial year focuses on growth…

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Nation

Income Tax Budget 2025: Share in gross collections expected to rise, despite change in tax slabs

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Income Tax Budget 2025: Share in gross collections expected to rise, despite change in tax slabs

For income taxpayers, the ‘nil tax’ slab was increased to Rs 12 lakh in the Union Budget 2025. Despite announcing that no income tax needs to be paid up to an income of Rs 12 lakh under the new regime, the government is still expecting the share of income tax in gross tax collections to…

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Business

Income Tax slabs 2025: No income tax payable on income up to ₹12 lakh, says Nirmala Sitharaman during Budget 2025

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Income Tax slabs 2025: No income tax payable on income up to ₹12 lakh, says Nirmala Sitharaman during Budget 2025

Govt. proposes nil tax on income up to ₹12 lakh per annum under New Tax Regime, Finance Minister Nirmala Sitharaman said in her Union Budget 2025 speech in the Parliament, in New Delhi on February 1. 2025.. (Representational image) In the most anticipated announcement this Union Budget 2025, Finance Minister Nirmala Sitharaman announced there would…

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Business

India Inc Seeks Cut In Personal Income Tax Rates At Pre-Budget Meet

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India Inc Seeks Cut In Personal Income Tax Rates At Pre-Budget Meet

New Delhi: Representatives from industry bodies sought reduction in personal income tax rates to ensure higher disposable income in the hands of the middle class, reduction in excise duty on fuel, and measures to provide impetus to employment-intensive sectors in their customary pre-Budget meeting with the Finance Minister on Monday. Industry bodies also raised the…

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Budget 2024 | Government to withdraw certain long-pending, un-reconciled direct tax demands

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Budget 2024 | Government to withdraw certain long-pending, un-reconciled direct tax demands

Union Finance Minister Nirmala Sitharaman holding a folder-case containing the Interim Budget 2024. Ministers of State Bhagwat Kishanrao Karad and Pankaj Chaudhary are also seen. | Photo Credit: Shiv Kumar Pushpakar Whilst maintaining the status quo with respect to direct and indirect taxes, Finance Minister Nirmala Sitharaman in her maiden interim budget presentation proposed to…

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Business