Finance Minister Nirmala Sitharaman announced during her Budget 2025 speech that the government will table a new Income Tax Bill in Parliament next week. The move is aimed at overhauling the existing tax framework and simplifying compliance for taxpayers. Also ReadBudget 2025: Key tax slab changes likely in new regime! Rs 5 lakh income to
Every year, salaried professionals in India tune into the Budget with hope in their hearts and exit with existential dread. However, this time the budget has left salaried professionals rubbing their eyes in disbelief as the government announced zero income tax up to Rs 12.75 lakh under the new tax regime. Shaadi.com’s founder and one
Budget 2025 proposes to increase the rebate for the resident individual under the new regime so that they do not pay tax if their total income is up to Rs 12,00,000. During the press conference following the budget releases, Finance Minister Nirmala Sitharaman highlighted the amount of money that taxpayers will now have in comparison
Finance Minister Nirmala Sitharaman has announced a major change in the income tax regime, offering significant relief to taxpayers. The new tax proposal, effective from Financial Year 2025-26, states that individuals earning up to Rs 12 lakh will no longer have to pay any income tax. This threshold increases to Rs 12.75 lakh for salaried
Union Finance Minister Nirmala Sitharaman announced a rise in income tax exemption for individuals earning up to Rs 12 lakh per year, providing significant relief to the middle class. The salaried employees will not be required to pay income tax up to Rs 12.75 lakh after taking into account the Standard Deduction of Rs 75,000.
Income Tax Rates 2025 for Senior Citizens Under New Regime: Finance Minister Nirmala Sitharaman, in the Union Budget 2025, announced a major revision in income tax slabs under the new tax regime, providing significant relief to middle-class taxpayers. As per the updated structure, individuals earning up to Rs 12 lakh per annum will not have
Finance Minister Nirmala Sitharaman, in her Union Budget 2025 speech, announced a major relief for taxpayers by raising the tax exemption limit to Rs 12 lakh under the new income tax regime. This means individuals earning up to Rs 12 lakh per annum will not have to pay any income tax, a move aimed at
In a significant move announced on February 1, Finance Minister Nirmala Sitharaman relaxed the conditions for tax relief on self-occupied properties in the Union Budget 2025. Taxpayers can now claim tax benefits for two self-occupied houses, a major change from the previous rule that allowed relief for only one property. “Presently tax-payers can claim the
Purchasing jewellery is a big expense. Many people use credit cards for such purchases. But is it a wise financial move? Jewellery holds both emotional and economic value in India. Families here often see gold, diamonds, and other precious metals as investments. During weddings and festivals, jewellery shopping surges. With easy access to credit, many
Jubilant FoodWorks Chairman Shyam Sundar Bhartia on Tuesday issued a statement regarding the registration of an FIR against him, denying the allegations as “baseless, false and disparaging”. In a regulatory filing, the company released a statement received by the chairman which said, “In reference to media reports about the registration of an FIR by the
Premji Invest-owned Best Value Chem Pvt Ltd (BVC), a fragrance, flavor and personal care chemical manufacturing company, on Tuesday unveiled a Rs 550 crore ($60 million) fully automated plant at Dahej, about 80 kilometers from Baroda in Gujarat. This is BVC’s third manufacturing facility and marks a significant step in the company’s strategic growth plans.
With the three major telecom operators in India – Reliance Jio, Bharti Airtel and Vodafone Idea (Vi) – taking a tariff hike of up to 25 per cent in July 2024 with a possibility of another hike this year by 10 per cent, JM Financial said, telcos’ ARPU is expected to grow at 11-12 per
The Indian stock market wrapped up on a flat note today, February 25. The BSE Sensex added 147.71 points (0.20%) to settle at 74,602.12, maintaining a positive streak. Meanwhile, the NSE Nifty slipped 5.80 points (0.03%), ending at 22,547.55. Among the Nifty stocks, Mahindra & Mahindra (M&M), Bharti Airtel, Bajaj Finance, Maruti Suzuki, and Nestle
