Back

Karunakar CH

What You DO That Def... • 2m

Revised Income Tax Slabs under the New Regime (FY 2025-26): Annual Income (₹) Tax Rate 0 – 1,200,000 = 0% 1,200,001 – 1,500,000 = 5% 1,500,001 – 2,000,000 =10% 2,000,001 – 2,500,000 =15% 2,500,001 – 3,000,000 =20% Above 3,000,000 =30% These adjustments effectively raise the tax exemption limit to ₹1.2 million, providing substantial relief to taxpayers. Key Highlights: Increased Disposable Income: The revised tax slabs are designed to enhance the spending power of the middle class, thereby stimulating economic growth. Economic Growth Focus: The budget emphasizes inclusive development and encourages private investment to bolster the economy. These reforms are part of the government's broader strategy to invigorate the economy by increasing consumer spending and attracting private investments.

6 replies8 likes
1
Replies (6)

More like this

Recommendations from Medial

Image Description

Sameer Patel

Work and keep learni... • 10m

Financial knowledge Indian Tax slabs Income tax slabs categorize taxpayers based on their annual income, determining the applicable tax rates. Here's a breakdown: 1. Nil Tax: Annual income up to ₹2.5 lakh for individuals below 60 years. 2. 5% Tax: I

See More
1 replies9 likes
1
Image Description
Image Description

Mahendra Lochhab

Content creator • 2m

New Tax slab: 0-4L-0% 4-8L-5% 8-12L-10% 12-16L-15% 16-20L-20% 20-24L-25% 24L+30% People with income up to 12L will pay 0% income tax.

2 replies4 likes
Image Description
Image Description

K Shreenathan Nedunghadi

An professional with... • 2m

The Union Budget for 2025-26, presented by Finance Minister Nirmala Sitharaman, introduces significant reforms aimed at stimulating economic growth and providing relief to the middle class. Key highlights include: Income Tax Reforms: Revised Tax Slab

See More
6 replies20 likes
4
Image Description
Image Description

Hawk

 • 

Medial • 8m

Was it a Budget of expectations? The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman introduced changes to the income tax regime, for salaried employees & those opting for the new tax regime. 1. Standard Deduction Increase: T

See More
20 replies52 likes
17
Image Description
Image Description

Hiral Jain

Content writer • 10m

Greetings everyone! Let's learn about our tax system! The Indian tax system is divided into two categories: Direct (income tax) and Indirect (GST)it's an unfair tax tbh. It's because everyone pays the same tax regardless of their income. For example

See More
16 replies11 likes
7
Anonymous
Image Description
Image Description

😅 Bjp government is on fire 🔥 • No income tax 💰 • Less toll tax 🚗 • Huge economic activities 🚀 • 10 Thousand crores for entrepreneurs 🧑‍🏫

9 replies7 likes

Vishu Bheda

Transforming vision ... • 10m

What's a scam that's so normalized that we don't even realize it's a scam anymore? Me- Taxes. Once you tax the income, why is there a tax again in the name of GST? Whatever the shop / company earns they can give it as income tax. This approach n

See More
0 replies9 likes
Anonymous
Image Description

Is that really possible and globally countries will accept it or not ? 😨 0% Income tax and huge setback for businesses

1 replies3 likes
Image Description
Image Description

Sanjay Srivastav. Footwear Designer

Hey I am on Medial • 2m

If your income is 12L, You pay 0 for the first 4L. From 4L - 8L i.e. next 4L, you pay 5% = 20,000. From 8L - 12 i.e. another 4L, you pay 10% = 40,000. Total Tax Payable= 60,000. Standard Deduction -75,000. So NO TAX FOR INCOME UP TO 12L. Get it?

6 replies11 likes
2
Anonymous

One Tax Policy: A New Era of Taxation in India? What if income tax was the only tax you had to pay? A system where individuals pay a fixed percentage of their income as tax, and in return, they are exempt from all indirect taxes like GST and service

See More
0 replies1 like

Download the medial app to read full posts, comements and news.