India plans to cut personal income tax rates to boost middle-class spending power, Finance Minister Nirmala Sitharaman said ...

India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, ...

The new tax regime is the default tax regime. 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 the taxpayer.

Despite the announced cuts in income tax rates, the Centre has projected a significant increase in gross income tax receipts ...

FM Nirmala Sitharaman presents Budget speech amid massive chaos from Opposition. Union Cabinet approved the Budget ahead of ...

FM Nirmala Sitharaman also announced that the annual limit for TDS on rent has been raised from ₹2.40 lakh to ₹6 lakh, ...

Budget 2025 saw major income tax changes with FM Nirmala Sitharaman announcing new income tax slabs and income tax ...

India’s economic trajectory remains robust as Finance Minister Nirmala Sitharaman presented the Union Budget 2025 on Saturday ...

The new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next ...

Budget 2025 saw major income tax changes with FM Nirmala Sitharaman announcing new income tax slabs and income tax rates for ...

The updated slabs show a shift in the tax-free income threshold from Rs 3 lakh to Rs 4 lakh, which is expected to provide significant relief to low-income taxpayers ...