Barometers trade with modest cuts, FM concludes speech, No income tax upto Rs 12 lakh
IST, the barometer index, the S&P BSE Sensex, slipped 174.87 points or 0.23% to 77,325.70. The Nifty 50 index lost 71.35 points or 0.30% to 23,430.95.
Income Tax Budget Announcement: No income tax payable up to income of ₹12 lakh, announces FM Sitharaman
FM Nirmala Sitharaman said that the new structure will substantially reduce taxes of middle class and leave more money in their hands.
The Financial Express16m
Budget 2025: 36 life-saving drugs fully exempted from custom duty – Check full list
In July last year, after the Lok Sabha elections, the Health Ministry was allocated Rs 90958.63 crore in the Union Budget 2024-25.
Current income tax laws on basic exemption limit
The Union Budget 2025-26 increased the income tax basic exemption limit to Rs 4 lakh under the new tax regime, benefiting all ...
New income tax slabs in Budget 2025: 30% tax now starts at Rs 24 lakh, 25% tax rate introduced for incomes between Rs 20-Rs 24 lakh
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.