[ad_1] The recent amendments in the Union Budget 2025 clarify the tax treatment of Unit Linked Insurance Policies (ULIPs), especially in cases where they don’t qualify for exemption under Section 10(10D) of the Income Tax Act. Here’s a breakdown of the changes and their implications. Tax treatment of ULIPs – What’s changed? The new provisions […]
Budget 2025: Salary up to ₹12 lakh won’t be tax free under new regime in these cases – CNBC TV18
[ad_1] Many taxpayers expected income up to ₹12 lakh to be tax-free under Budget 2025 changes. However, not all cases qualify for zero tax. Special rate incomes, such as capital gains, do not get the benefit of the Section 87A rebate. How Section 87A works Under the new tax regime, individuals earning up to ₹12 […]
Budget 2025: ICICI Securities does not see any material impact on lower-end consumption – CNBC TV18
[ad_1] Brokerage firm ICICI Securities wrote in its note post the Union Budget of 2025 that the total tax benefits from enhanced tax slabs and tax rebate are maximum for individuals with income levels between ₹7 lakh to ₹24 lakh and hence will boost discretionary demand the most. Company Value Change %Change However, it went […]