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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

Replies (6)

Havish Gupta

Figuring Out • 2m

so no taxes for people with Income under 12L!!?

1 replies

Anonymous 1

Hey I am on Medial • 2m

good move by govt

0 replies1 like

Recommendations from Medial

Sameer Patel

Work and keep learni... • 11m

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

1 replies9 likes

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

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

6 replies20 likes

Hawk
•

Medial • 9m

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

20 replies52 likes

Hiral Jain

Content writer • 11m

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

16 replies11 likes

Anonymous

Hey I am on Medial • 2m

😅 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 ... • 11m

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

0 replies9 likes

Anonymous

Hey I am on Medial • 5m

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

1 replies3 likes

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

Anonymous

Hey I am on Medial • 2m

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

0 replies1 like