T he Finance Minister has clarified that Unit Linked Insurance Plans (ULIPs) on whom clause (10D) of section 10 does not ...
In her budget speech on Saturday, Nirmala Sitharaman announced that no income tax would be payable up to income of ₹12 lakh annually.
With an allocation of $59 billion, India remains among the top five military spenders globally, but the spending structure is skewed towards personnel costs rather than modernisation.
Sitharaman said this new structure will significantly reduce taxes for the middle class, putting more money in their hands, boosting household consumption, savings, and investment.
Prime Minister Narendra Modi was fully behind the idea to cut taxes but it took time to convince the bureaucrats, says ...
The Prime Minister’s “narrative” glosses over the key lesson of the past three years; it’s impossible to improve living ...
If you are still confused about which tax regime to choose after Budget 2025 proposals, here is how to choose between the old ...
The Union Budget 2025 brings substantial tax relief to individuals earning up to ₹12 lakh, making them effectively tax-free. The revised tax slabs, enhanced Section 87A rebate, and marginal relief ...
Finance Minister Sitharaman announced significant tax relief for the middle class, exempting annual incomes up to Rs 12 lakh from income tax under the new regime, while also rejigging tax slabs.
The new tax regime, introduced in Budget 2020 and revised in Budget 2023, provides lower tax rates but removes most exemptions and deductions.