GST reforms: The primary objective will be to restructure the tax slabs to ensure meaningful outcomes. More tax relief coming soon? The Narendra Modi government, having provided substantial relief in personal income tax and customs tariff rationalisation in the Union Budget 2025, is now expected to initiate efforts to streamline the goods and services tax…
One of the major amendments proposed in the current budget is the change in the tax rates and slabs under the Concessional Tax Regime. By Surabhi MarwahBudget 2025 income tax: The Finance Minister in her budget speech stated that taxation reforms were one of the key reforms to realise the vision of “Viksit Bharat”. The…
FM Nirmala Sitharaman also announced that she will be tabling the New Income Tax Bill in Parliament next week. Budget 2025 income tax slab changes 2025-2026 explained: In a big cheer for the salaried middle class taxpayers, FM Nirmala Sitharaman announced sweeping changes to the income tax slabs and income tax rates under the new…
Today’s proposals rightly focused on middle-income taxpayers, marking a significant step for the government to forgo one lakh crore of revenue. By Kuldip Kumar and Tanu GuptaBudget 2025 income tax slab changes FY 2025-26: The Honorable Finance Minister presented her 8th consecutive budget, and this was perhaps one of those budgets that exceeded individual taxpayers’…
FM Nirmala Sitharaman will present the Union Budget 2025 as part of Parliament’s Budget session which began on January 31, 2025. The first phase of the Budget session will end on February 13, 2025. Sitharaman’s Budget 2025 speech is eagerly awaited by the middle class, common man, women and salaried taxpayers in hopes of changes…
Budget 2025 income tax expectations: In the interim, the Government could consider announcing its roadmap of phasing out the old income tax regime. By Ishita SenguptaBudget 2025 income tax expectations: As we all gear up for the Union Budget later this week, the big question for individual taxpayers is whether the Hon’ble Finance Minister will…
Budget 2025 expectations: PM Modi’s mention of the middle class a day ahead of the Union Budget speech has left everyone wondering… Budget 2025 expectations: Prime Minister Narendra Modi addressed the media at the start of Parliament’s Budget session today. Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, 2025.Interestingly, the…
Budget 2025 income tax expectations: With an intent to provide taxpayers with more disposable income, one may expect an increase in the basic exemption limi. (AI image) By Surabhi MarwahBudget 2025 income tax expectations: As we move closer to February 1, 2025, the nation is keen to listen to the Finance Minister’s speech unveiling the…
Budget 2025 Income Tax Expectations Live: Will the government sunset the old tax regime? “The new tax regime was introduced as an optional tax regime from FY 2020-21 onwards. While the new tax regime disallowed popular exemptions deductions like Section 80C related investments, medical insurance premium, house rent allowance etc. it offered a lower rate…
Budget 2025 income tax expectations: What will the income tax slabs and income tax rates after Union Budget 2025? Will FM Nirmala Sitharaman raise the standard deduction further under the new income tax regime and include popular exemptions like Section 80C, HRA, Section 80D? With the new income tax regime becoming the default tax regime,…