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Union Budget 2025: No income tax payable upto Rs. 12 lakh

Union Budget 2025: No income tax payable upto Rs. 12 lakh

Feb 01, 2025, at 12:54 pm

Giving relief to Indian taxpayers and giving a boost to consumption, Union Finance Minister Nirmala Sitharaman on Saturday announced in her budget speech that people with salaries up to 12 lakhs will not be required to pay tax in the new tax regime.

India may lower income tax for annual incomes up to Rs 15 lakh in Budget to boost middle-class spending

India may lower income tax for annual incomes up to Rs 15 lakh in Budget to boost middle-class spending

Dec 27, 2024, at 05:09 pm

New Delhi: India is evaluating a proposal to lower income taxes for individuals earning up to Rs 15 lakh annually in the February 2024 Budget, Reuters reported, citing sources.

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