Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the ...

Updated - February 02, 2025 at 07:44 PM. Subscribe now and get well-researched and unbiased insights on the Stock market, ...

The new tax structure announced in the Union Budget 2025-26 is expected to benefit around 5.65 crore taxpayers who fall under the income slab of Rs 4 lakh and above. According to a report by the State ...

The government has also raised the TCS exemption limit on Liberalised Remittance Scheme (LRS) transactions from Rs 7 lakh to ...

Budget 2025 announcements included reforms related to income tax, TDS, tax on second housing property, crypto investent, etc.

While a majority of the middle class is said to benefit out of the new tax regime, it takes away all the exemptions on investments.

The Union Budget reflects the government’s consistent focus over the past few years, with no major surprises in its fiscal ...

Though there is a standard deduction of Rs 75,000 under new tax regime, there are no deductions available for investments under this regime. It means if income exceeds Rs 12.75 lakh in FY 2025-26, tax ...

Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...

Check the updated income tax slabs, rates, and deductions announced in Union Budget 2025-26. Compare the new tax regime with ...

The new tax regime, introduced in Budget 2020 and revised in Budget 2023, provides lower tax rates but removes most exemptions and deductions.