A salaried individual with Rs 13.7 lakh yearly income can achieve tax savings of approximately Rs 96,000 through NPS contributions. Latest income tax slabs 2025-26 after Budget 2025: Zero income tax on Rs 13.7 lakh salary? Don’t rub your eyes! Finance Minister Nirmala Sitharaman in her Budget 2025 speech announced that there will be NIL…
Budget 2025 expectations: PM Modi’s mention of the middle class a day ahead of the Union Budget speech has left everyone wondering… Budget 2025 expectations: Prime Minister Narendra Modi addressed the media at the start of Parliament’s Budget session today. Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, 2025.Interestingly, the…
Budget 2025 income tax expectations: With an intent to provide taxpayers with more disposable income, one may expect an increase in the basic exemption limi. (AI image) By Surabhi MarwahBudget 2025 income tax expectations: As we move closer to February 1, 2025, the nation is keen to listen to the Finance Minister’s speech unveiling the…
Budget 2025 income tax: With the new income tax regime being the default tax regime, taxpayers are looking for an increase in standard deduction. (AI image) Budget 2025 income tax expectations: With Finance Minister Nirmala Sitharaman set to deliver the Union Budget 2025 speech on February 1, 2025, salaried and middle class taxpayers are looking…
Taxpayers who continue to favor the traditional structure are still hopeful for adjustments which are at least reflective of the rising inflation and costs of living in India. By Ravi JainBudget 2025 income tax expectations: The announcement of new income tax regime in India’s Union Budget 2020 was a progressive step by the Hon’ble Finance…
Budget 2025 income tax: It is anticipated that with the thrust of the Government on the adoption of the new tax regime, there may be no changes to the old tax regime. (AI image) By Parizad SirwallaBudget 2025 income tax expectations: Ever since the last Union Budget was presented in July 2024, the world has…
Budget 2025 income tax expectations: Recently, some significant changes in the new income tax regime. By Parizad SirwallaBudget 2025 income tax expectations: While the Union Budget 2025 is anticipated to provide further impetus on simplifications of existing tax provisions, there are heightened expectations for economic reforms aimed at reviving the declining consumption in response to…
Budget 2025 income tax: According to government data, the new income tax regime has gained substantial acceptance. (AI image) Budget 2025 income tax expectations: Individual and salaried taxpayers want Finance Minister Nirmala Sitharaman to lower the personal tax rates, according to a Grant Thornton Bharat pre-budget survey for Budget 2025.The survey findings indicate that individual…
Budget 2025 income tax: From a surcharge levy perspective, the threshold begins from Rs 50 lakh Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, 2025. In its pre-Budget 2025 memorandum, Assocham has called for rationalization of surcharge on salaried individuals.As per the existing provisions the…
Budget 2025 income tax: The highest marginal rate for individuals is 42.744%. (AI image) Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should look to reduce the personal income tax rates in the Union Budget 2025, says Assocham in its pre-Budget 2025 memorandum.“While corporate tax rates have become globally competitive, in order to ensure…
