Tax Breaks In India Updates in salary deductions The bill introduces new provisions for deductions available to salaried individuals These are as follows Standard deduction INR 50 000
Currently the highest tax rate of 30 is applicable from net taxable income above Rs 15 lakh However the new tax regime offers limited deductions to taxpayers Read this Income Tax Bill 2025 Finance Minister Nirmala Sitharaman on Thursday tabled the Income Tax Bill 2025 in Parliament This new bill set to be effective from April 1 2026
Tax Breaks In India
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No Income Tax payable up to Rs 12 Lakh under new tax regime Finance Minister Nirmala Sitharaman revealed a latest income tax structure in the Union Budget 2025 India Budget 2025 Income Tax Live Updates At present the old tax regime offers around 70 exemptions and deductions to the taxpayers while the new tax regime offers
India s tax laws are set for a major overhaul with the government expected to introduce a new Income Tax Bill in Parliament on February 13 2025 If approved the Income The Union Budget 2025 26 has delivered the largest tax exemption hike in two decades allowing individuals earning up to Rs 12 lakh annually to pay zero income tax under the new regime
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Finance Minister Nirmala Sitharaman in her Budget 2025 speech announced that there will be NIL or zero income tax for individuals earning up to Rs 12 lakh But did you know Latest Income Tax Slabs Budget 2025 Live Updates Finance Minister Nirmala Sitharaman in her Union Budget 2025 speech announced sweeping changes in personal
Section 80C of the Income Tax Act allows taxpayers to claim deductions on various investment linked tax saving options such The Economic Survey of 2025 shows a skills gap There are two main reduced tax rates 22 and 15 These reduced tax rates aim to boost economic growth encourage investment and create jobs The 15 concessional
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Updates in salary deductions The bill introduces new provisions for deductions available to salaried individuals These are as follows Standard deduction INR 50 000
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Currently the highest tax rate of 30 is applicable from net taxable income above Rs 15 lakh However the new tax regime offers limited deductions to taxpayers Read this
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Tax Breaks In India - India Budget 2025 Income Tax Live Updates At present the old tax regime offers around 70 exemptions and deductions to the taxpayers while the new tax regime offers
