Budget 2025 highlights direct tax changes, including new income tax slabs, TDS rationalization, and other important updates for taxpayers.

2 days ago · The new income tax bill is set to come into effect from the financial year 2025-26, and effective from the assessment Year 2026-27, according to the budget announcement of February 1, 2025. 10 Feb ...

Feb 1, 2025 · Reposing faith on middle class in nation building, the Union Budget 2025-26 proposes new direct tax slabs and rates under the new income tax regime so that no income tax is needed to be paid for total income upto ₹ 12 Lakh per annum, i.e. average income of Rs 1 Lakh per month, other than special rate income such as Capital Gain.

Budget 2025 Income tax slab changes: The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income above Rs 15 lakh. However, the new tax regime offers limited deductions to taxpayers. Read this story to understand the income tax slabs proposed for the upcoming financial year …

Budget 2025 simplifies tax rules and provides major relief to taxpayers. The new tax slabs, second-home exemption, senior citizen benefits, and ULIP taxation changes aim to ease financial burdens and boost savings.

Feb 1, 2025 · FM Nirmala Sitharaman concluded the Union Budget 2025-26 with major relief for the middle class, announcing zero income tax on annual earnings up to ₹12 lakh. Additionally, the TDS exemption limit on rent was increased from ₹2.40 lakh to ₹6 lakh, benefiting small taxpayers.

Budget 2025 proposes tax amendments, including changes in income tax slabs, TDS, GST, and MSME classification, impacting individuals and businesses for FY 2025-26.

Jan 31, 2025 · Income Tax Union Budget 2025: Income tax relief measures announced under the new, proposed tax regime make annual income of up to Rs 12 lakh income-tax free. Along with this, revised slabs with a higher tax rate of 30% are now applicable with income over Rs 24 lakhs compared to Rs 15 lakhs till now.

02 Feb 2025, 09:35:10 PM IST Income Tax Budget 2025 LIVE: Crypto Tax Mandates. Income Tax Budget 2025 LIVE: According to the new budget proposal, the Indian government has taken a stricter stance ...

In Budget 2025, the deadline for the incorporation of eligible start-ups, which was originally set for 2025, has been extended to 2030 to avail of the tax holiday benefits. A new provision, Section 44BBD, is proposed to be inserted in the Income Tax Act for the Financial Year 2025-2026.