Even for the moderately high earners – those earning between ₹10 lakh and ₹20 lakh – there had been little relief from the new tax regime which had frozen the 30% slab at ₹15 lakh since its launch in ...

Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers feels that Raising the nil tax slab to ₹12 lakh is a significant relief, giving the middle class more spending power and driving ...

Individuals can claim two self-occupied properties as NIL taxable income. TDS on rent limit increased from ₹2.4 lakh to ₹6 lakh, reducing compliance for small landlords. Threshold for senior ...

Changes to income tax slabs could provide much-needed relief to taxpayers while supporting broader economic goals. Stay tuned for the official announcements in Budget 2025 to understand the full ...

For the average taxpayer, this budget is a breath of fresh air. Lower tax rates and higher rebates mean more disposable income, which could help families manage rising costs and save for the future.

Listen to Story No income tax for earnings up to Rs 12 lakh Revised tax slabs aim to ease financial burden on middle class Increased disposable income expected to boost consumption In a major relief ...

and a marginal relief of about Rs 30,000) will be tax free. However, any income above this will attract tax on the full income based on the revised slabs. The revised slabs for FY26 are as follows: ...

The Union Budget 2025-26 brings major tax relief for the middle class ... higher exemptions for senior citizens, and a restructured tax slab to boost savings, investment, and economic growth. The ...

non-salaried taxpayers earning just above ₹12 lakh also stand to benefit through a mechanism known as marginal relief. This provision ensures that taxpayers with income slightly exceeding ₹12 lakh are ...

In a bid to provide relief to taxpayers, Finance Minister Nirmala Sitharaman's Union Budget 2025 has revised the income tax slabs and enhanced the tax rebate for individuals, particularly ...