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Income Tax Budget 2025 Explained: Finance Minister Nirmala Sitharaman has raised the limit of income tax rebate from Rs 7 lakh to Rs 12 lakh, which essentially means that if an individual has an ...

In the Union Budget 2025, the Finance Minister announced significant changes to the new income tax regime Under the new tax system, people will not have to pay income tax on annual earnings up to Rs ...

While those with annual taxable income of up to Rs 12 lakh will have no tax liability, those with higher incomes will have savings of up to Rs 1.1 lakh on account of rate rationalization under the new ...