In Rs 8-12 lakh slab, another Rs 4 lakh will be taxed at 10% (Rs 40,000). The remaining Rs 3 lakh falls in the Rs 12-16 lakh slab, attracting a rate of 15%, which calculates to Rs 45,000.

Latest income tax slabs 2025-26 after Budget 2025: FM Nirmala Sitharaman announced nil income tax for individuals earning up to Rs 12 lakh in Budget 2025. However for salaried individuals ...

His new income would be ₹ 13.12 lakh, an increase of ₹ 62,500, and his tax liability would be ₹ 37,500. As you can see, Mr. A’s tax outgo will not completely offset the increase in his income.

Finance Minister Nirmala Sitharaman gave taxpayers a big relief in Union Budget 2025-26 by making income up to ₹12 lakh tax-free from ₹7 lakh earlier. Factoring in the standard deduction of ...

Finance Minister Nirmala Sitharaman announced in her Budget speech that individuals earning up to Rs 12 lakh per annum will not have to pay any tax after adjusting the Standard Deduction of Rs ...

New Delhi: Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to middle class ...

Those earning up to Rs 12 lakh annually won't have to pay any income tax under the new regime. Add to it the standard deduction of Rs 75,000 and taxpayers with up to Rs 12.75 lakh annual income ...

The Finance Minister announcing Rs 12 lakh as tax-free income got the attention of most taxpayers in the Union Budget 2025 presentation on February 1. However, there were several other key tax ...

Union finance minister Nirmala Sitharaman on Saturday provided much-needed relief to the middle class by raising the tax rebate limit in the new regime from Rs 7 lakh to Rs 12 lakh. This ...

In 2014, before the Modi government first presented its budget, taxpayers faced a 10 percent tax rate on incomes above Rs 2 lakh, a 20 percent rate above Rs 5 lakh, and the highest 30 percent ...

WASHINGTON D.C. — Rep. Bob Latta, R-Bowling Green, introduced the Removing Our Unsecure Technologies to Ensure Reliability and Security Act with Rep. Robin Kelly, D-Illinois, Friday. The bill ...

Finance Minister Nirmala Sitharaman announced zero income tax for up to Rs 12 lakh under the new tax regime. The standard deduction for salaried employees will be Rs 75,000. The rejigged tax slabs ...