Tax Update: How was the decision of no tax on 12 lakh income taken? Nirmala Sitharaman told the whole story..
While presenting the budget for the year, Finance Minister Nirmala Sitharaman gave a big relief to the middle-class employed people. Now individuals earning up to Rs 12 lakh annually will not have to pay any tax.
New income tax Bill to be introduced in Parliament next week, says Nirmala Sitharaman
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 six months.
Budget 2025: New Income Tax bill will be clear and direct, says Nirmala Sitharaman. What does this mean?
New Income Tax Slabs in Budget 2025: During her presentation of the Union Budget for 2025-26, Finance Minister Nirmala Sitharaman announced the introduction of a new Income Tax Bill, which aims to simplify and clarify the existing tax framework. “New Income Tax bill will be clear and direct”, FM Sitharaman said.
Budget 2025: No income tax on annual income upto Rs 12 lakh, says FM Nirmala Sitharaman
Additionally, Sitharaman introduced revisions to income tax slabs to make taxation more progressive. Individuals earning up to Rs 25 lakh will now benefit from tax savings of up to Rs 1.1 lakh. With the inclusion of the standard deduction,
New Income-Tax bill to carry forward spirit of ‘Nyaya’, says Nirmala Sitharaman
While presenting the Union Budget in Parliament on Friday, Sitharaman urged Income Tax department officials to "trust first and scrutinise later."
Nirmala Sitharaman says PM Modi threw his weight behind income tax cuts but it needed more work to convince officials
Finance Minister Nirmala Sitharaman said it required more work to convince the bureaucrats about the efficiency in collecting tax
1 crore more people will pay no income tax due to rebate hike: Nirmala Sitharaman
The 2025-26 Budget hikes the tax rebate available to individual taxpayer to Rs 12 lakh from next fiscal, from Rs 7 lakh currently.
Why did govt increase income tax rebate from ₹7 lakh to ₹12 lakh? FM Nirmala Sitharaman explains
Nirmala Sitharaman announced an increase in income tax rebate from ₹7 lakh to ₹12 lakh, aimed at reducing tax burdens for ₹1 lakh monthly earners.
Will No Income Tax Up To Rs 12 Lakh Result In Revenue Loss To Centre? What Nirmala Sitharaman Said
In a big relief to the middle class in her record eighth consecutive budget, Finance Minister Nirmala Sitharaman on Saturday exempted annual income of up to Rs 12 lakh from income tax and rejigged tax slabs as part of her reformist Budget.
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NO income tax till ₹12 lakh: A look at the new tax slabs vs. current tax slabs
Income Tax 2025: Nirmala Sitharaman’s 2025 budget introduces a revamped tax structure, eliminating income tax for earnings up to Rs. 12 lakh. (REUTERS) Union Finance Minister Nirmala ...
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Income tax relief influenced by Delhi polls? 'Kejriwal ki...' - FM Nirmala Sitharaman's BIG Budget 2025 interview | Times Network Exclusive
Finance Minister Nirmala Sitharaman gave a tell-all interview to Navika Kumar, Group Editor-in-Chief, Times Now and Times Now ...