Finance minister Nirmala Sitharaman on Saturday announced income tax cuts in her eighth consecutive Budget speech, enhancing the middle class's prowess to increase spending and consumption. Union ...

Revised income tax slabs: Nirmala Sitharaman announced that annual incomes up to ₹12 lakh will be tax-free to stimulate consumption. Revised Income tax slabs: Union finance minister Nirmala Sitharaman ...

With the revised tax structure under the new tax regime, an individual with the same income can now save up to Rs 90,000 in taxes. Income Tax Rates 2025 for Senior Citizens Under New Regime: Finance ...

Tax calculation: In Budget 2025, the Finance Minister announced that no income tax is payable up to an annual income of Rs 12 lakh, providing a tax rebate for individuals earning up to this amount.

Latest income tax calculation post Budget 2025: Starting April 1, 2025, individuals earning up to Rs 12 lakh under the new income tax regime. However, those who earn above that level have salary ...

The Income Tax Department has launched the Excel-based offline filing tools for ITR-2 and ITR-3 for the Assessment Year 2025-26, signaling that return filing for the financial year 2024-25 is now ...

The Income Tax Department has released the Excel utility for ITR Form 6 for AY 2025-26, enabling companies to file returns for FY 2024-25. Several ITR forms have been notified, including ITR-1, 4, and ...