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
New Income Tax Slabs for FY 2025-26: Finance Minister Nirmala Sitharaman, in her Budget 2025 speech, announced the latest income tax slabs for the financial year 2025-26. The revised tax structure is aimed at providing relief to middle-income earners while maintaining a progressive taxation system. New Income Tax Slabs for FY 2025-26 Income up to
During the budget speech, Finance Minister Nirmala Sitharaman said that those earning up to Rs 18 lakh per annum will save Rs 70,000 in annual taxes. (This is a developing story) » Read More
Experts have speculated that the Indian government may make significant tweaks to the current new tax regime, with the initial tax slab of Rs. 0-3 lakh potentially being expanded to Rs. 0-5 lakh. The move, which is expected to be part of the Union Budget 2025-26, aims to provide greater relief to taxpayers in the
Ahead of the Union budget presentation, crores of central govt employees and pensioners will keep an eye on announcements around the 8th Pay Commission, which will revise salary and pensions of central staff effective January 2026. The Union Cabinet last month approved the new pay panel formation. Also ReadIncome Tax Slab Rates for FY 2025-26
With Union Finance Minister Nirmala Sitharaman set to present Budget 2025, taxpayers are eagerly anticipating reforms, particularly in the personal taxation sector. With no significant tax reforms seen in the past 10 years, the Modi government may deliver this time what has been on the minds of crores of taxpayers. Also ReadIncome Tax Slab Rates
Small-cap mutual funds have always been a favourite of investors, and the reason is clear — small but strong companies have the potential to grow rapidly. When these companies grow, their stocks generate big returns, sometimes even higher than mid and large-cap companies. But, with this high return comes the risk as well, as small-cap
Godrej Enterprises’ energy solutions arm is targeting revenues of ₹2,000 crore in the next three years. “We are aiming for 20% CAGR growth over the next three to five years,” said Raghavendra Mirji, executive vice president and business head, Energy Solutions, Godrej Enterprises Group. The engineering, procurement, and construction (EPC) company expects to generate ₹1,500
The government should seek removal of the non-tariff barriers that Indian whiskey faces in the UK market while negotiating on duties on scotch in the free trade agreement, the liquor industry representatives. As talks on the FTA resumed after an eight month gap, the industry has also asked the duties on scotch should be brought
The cement industry is set for a revival with industry profitability expected to improve further in Q4FY25 on the back of higher exit prices and better operating leverage led by peak seasonal demand. During the previous quarter, JM Financial said, its coverage companies’ aggregate EBITDA declined by 26 per cent YoY and rose 27 per
Sensex Nifty Today | Stock Market Highlights: Indian equity indices opened Tuesday’s trading session on a flat note taking note of Asian markets. The NSE Nifty 50 opened 15 points, or 0.07%, higher at 22,569, while the BSE Sensex rose 93 points, or 0.12%, to open at 74,547. The Nifty has breached the psychologically important
