She said the Budget 2025 aims to initiate transformative reforms across six domains over five years: taxation, power sector, ...

Finance Minister Nirmala Sitharaman announces no income tax for incomes up to ₹12 lakhs, benefiting the middle class.

Nirmala Sitharaman gave the middle class a huge boost when she declared that anyone earning up to Rs 12 lakh would not be ...

Union Finance Minister Nirmala Sitharaman announced that no income tax would be payable for income up to ₹12 lakh under the ...

Finance Minister Nirmala Sitharaman gave full tax relaxation for new regime taxpayers whose income is up to Rs 12 lakh. With this, she also revised the income tax rates for other income slabs. There ...

FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable up to ₹12 ...

Reports suggest that there could be a relaxation on income tax for individuals, especially those earning up to Rs 15 lakh.

The income tax relief would be available only in the new tax regime, which means foregoing other exemptions like insurance, and housing loan. The tax rate will also not be applicable on other incomes ...

A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said as she presented the Union ...