Why does WA have no income tax? That’s shaped class and the economy of Evergreen state
The News Tribune spoke with two local finance experts recently about why that is and how having no income tax has shaped business development, wealth and class in the Evergreen st ...
The Indian Express13d
Delhi’s middle class reacts to Budget announcement on income tax rebate: ‘Feel liberated’, ‘will save money for education’
Finance Minister Nirmala Sitharaman’s announcement raising the limit of rebate from Rs 7 lakh to Rs 12 lakh under the New Tax Regime brought cheer to the middle class, as was visible ... Earning Rs ...
Indiatimes14d
Salaried class enthused by easing of tax, says it will offset inflation
He said, "Since the past two years I have opted for the new tax regime. Saturday's Budget announcement of zero tax up to Rs 12 lakh is definitely a relief for the middle-class taxpayer who was ...
Business Standard14d
A Deep dive into Union Budget 2025 | Income tax slab | Middle class | New tax regime
Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 on February 1. The Budget addresses four key areas: stimulating private consumption, continuing fiscal consolidation, tackling ...
India Today14d
No income tax payable up to Rs 12 lakh income: Budget bonanza for middle class
Nirmala Sitharaman claimed that the income tax on those earning Rs 24 lakh annually was Rs 5.6 lakh, which has now come ... demography and demand recognising the middle class. Minimum tax slab raised ...
cnbctv1814d
'About ₹1 lakh crore more in the hands of middle-class': DEA Secy on tax relief
For FY26 growth, he was optimistic: “Growth at the upper end of 6.8% is 100% doable; it is a practical number.” He noted that whether GDP expansion aligns with the Economic Survey’s estimate remains ...
IBTimes India14d
Budget 2025: No Income Tax up to Rs12 Lakh, big relief for middle class; Netizens react with memes
As soon as Finance Minister Nirmala Sitharaman announced the new tax regime, social media was flooded with memes, celebrating the significant relief for middle-class taxpayers. The finance minister ...
Hindustan Times14d
Middle class jackpot! Who saves the most under the new tax regime?
A taxpayer with an annual income of up to ₹12.8 lakh will not have to pay any tax, up from the current cap of ₹7 lakh. The change, however, is applicable only to those filing returns under the ...
Indiatimes14d
Income tax highlights of Budget 2025: Lakshmi blesses middle class taxpayer
Also read | No income tax for income up to Rs 12.75 lakh for salaried individuals under the new tax regime The rejig in the structure is aimed at substantially reducing the taxes of the middle class ...
krishijagran14d
Budget 2025: No Income Tax on Earnings Up to Rs 12 Lakh, Major Relief for Middle Class and More
The Union Budget 2025-26 brings major tax relief for the middle class, with no income ... from Rs 2.40 lakh to Rs 6 lakh annually. The TCS threshold on foreign remittances under the RBI’s LRS has ...
The Tribune14d
Here is how salaried class will benefit from new Tax regime
No income tax up to Rs 12 lakh as Nirmala Sitharaman gives major relief to middle class in Union Budget The Tribune, now published from Chandigarh, started publication on February 2, 1881 ...
devdiscourse14d
New Tax Regime: Government Eases Burden on Middle Class
significantly benefiting the middle class. In the 2025-26 Budget, unveiled by Finance Minister Nirmala Sitharaman, the tax rebate threshold has been increased to Rs 12 lakh per annum, up from the ...