The RBI is expected to cut the repo rate by 25bps in February, easing borrowing costs for the middle class. Analysts predict ...

Lauding the new tax regime, PM Modi said that his government seeks to put more money in the pockets of people, increase ...

Nirmala Sitharaman announced an increase in income tax rebate from ₹7 lakh to ₹12 lakh, aimed at reducing tax burdens for ₹1 ...

Finance Minister Nirmala Sitharaman said it required more work to convince the bureaucrats about the efficiency in collecting ...

While presenting the Union Budget in Parliament on Friday, Sitharaman urged Income Tax department officials to "trust first ...

New Income Tax Slabs in Budget 2025: During her presentation of the Union Budget for 2025-26, Finance Minister Nirmala ...

The proposed new income tax law follows from the earlier Budget announcement for 2024-25. In July 2024, Sitharaman had announced a comprehensive review of the Income-tax Act, 1961 to be completed in ...

She added that the thought process behind revising the tax slabs was to simplify the tax process and make compliance easier for the taxpayers.

Additionally, Sitharaman introduced revisions to income tax slabs to make taxation more progressive. Individuals earning up ...

The 2025-26 Budget hikes the tax rebate available to individual taxpayer to Rs 12 lakh from next fiscal, from Rs 7 lakh ...