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Karunakar

1% Betterย โ€ขย 5m

Revised Income Tax Slabs under the New Regime (FY 2025-26): Annual Income (โ‚น) Tax Rate 0 โ€“ 1,200,000 = 0% 1,200,001 โ€“ 1,500,000 = 5% 1,500,001 โ€“ 2,000,000 =10% 2,000,001 โ€“ 2,500,000 =15% 2,500,001 โ€“ 3,000,000 =20% Above 3,000,000 =30% These adjustments effectively raise the tax exemption limit to โ‚น1.2 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.

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Sameer Patel

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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 โ‚น2.5 lakh for individuals below 60 years. 2. 5% Tax: I

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Mahendra Lochhab

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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.

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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

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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

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Hiral Jain

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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

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Vishu Bheda

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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

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Sanjay Srivastav. Footwear Designer

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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?

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