The Union Budget 2025 has made the new tax regime even more attractive, with no income tax for individuals earning up to Rs 12 lakh per year. This move is expected to encourage more taxpayers to shift from the old tax regime, which offers various exemptions and deductions. ALSO READKey changes in budget 2025 apart
The Finance Minister announcing Rs 12 lakh as tax-free income got the attention of most taxpayers in the Union Budget 2025 presentation on February 1. However, there were several other key tax reforms that are expected to have a big impact on individuals across income categories. Also ReadNew Tax Regime vs Old Tax Regime: Which
Ever since the Union Budget on February 1, 2025, tweaked the new tax regime slabs, many taxpayers have been wondering whether to stick with the old tax regime or switch to the new one. The government’s adjustments in the new tax regime include exempting up to Rs 4 lakh from basic tax and offering tax
Budget 2025: Based on media reports and social media discussions, it appears that FM Sitharaman has won the hearts of most salaried individuals by raising the tax-free annual income limit to Rs 12 lakh. Many in the middle class, who previously felt ignored and overtaxed by the government, are now happy that the government at
In a major relief for taxpayers, the Union Budget 2025 has revamped the new tax regime, exempting individuals earning up to Rs 12 lakh annually from income tax. Additionally, salaried taxpayers will benefit from a Rs 75,000 standard deduction, effectively raising the tax-free threshold to Rs 12.75 lakh. The revised tax structure also introduces a
In view of the fund’s overarching philosophy of leveraging periods of market pessimism to build positions in high-potential areas, Quant Mutual Fund is keen to move away from defensive exposure in their portfolios towards more cyclical & growth-oriented segments. In a letter to their unit holders, Quant Mutual Fund has written, “In the coming weeks
The Pension Fund Regulatory and Development Authority (PFRDA) has revealed the updated fees for opening a National Pension System (NPS) account through both online and offline methods. These fees pertain to the NPS (All Citizen and Corporate) as well as the NPS-Lite models. “The charges that can be collected for services rendered in respect of
Retirement planning is crucial for financial stability when you don’t have a fixed regular income. Investors often consider two primary options: Systematic Investment Plans (SIPs) and government-backed schemes when it comes to retirement. The most challenging task is when a person has limited money to deploy for retirement and he is confused between government schemes
The temporary workforce in non-banking financial companies (NBFCs) is driving financial inclusion and supporting underserved markets such as micro, small and medium enterprises (MSMEs) and rural areas, according to a TeamLease report. It highlights that even though technology is reshaping customer-facing roles in sales, support, and collection; the temporary workers play a key role as
India’s annual capacity addition of wind power is expected to more than double to 7.1 gigawatt (GW) on average in the next two financial years, compared with 3.4 GW during the 2023-2025 period, driven by government measures to ramp up the pace, according to Crisil Ratings. The expected capacity addition will take the installed wind
The IT industry must transition from an input-based model — where revenue is tied to workforce expansion — to a more output-driven approach, as AI and automation continue to reshape the sector. Speaking at the Nasscom Technology and Leadership Forum 2025, HCLTech CEO and managing director C Vijayakumar highlighted the need for a fundamental shift
Lauritz Knudsen, part of Schneider Electric Group, is exploring innovations such as hydrogen analysers and wind energy systems and is becoming part of EV charging infrastructure as part of its plans to grow its renewable energy business. In 2020, Schneider Electric acquired L&T Switchgear, Larsen & Toubro’s electrical and automation business, for Rs 14,000 crore
Veteran banker and Padma Bhushan awardee KV Kamath will be honoured with the Lifetime Achievement Award at EY India’s 26th Entrepreneur of the Year (EOY) Awards on March 5. Renowned for his transformative leadership in India’s financial services sector, Kamath joins an esteemed list of industry stalwarts recognised for their contributions to business and economic
