[ad_1] The Union Cabinet is likely to take up the new Income Tax Bill for approval on Friday, February 7, according to government sources. If cleared, the bill could be introduced in the Lok Sabha early next week. The legislation is part of the Centre’s broader efforts to simplify and modernise India’s tax system, making […]
Budget 2025: How much you save under the new income tax regime now | All calculations here – CNBC TV18
[ad_1] The Union Budget 2025 has revised the income tax structure under the new regime, offering significant savings for many taxpayers. The new regime further reduces tax liabilities compared to the 2024 structure. Here’s a breakdown of who benefits the most and how much you can save. A look at tax rates: Old vs new […]
Budget 2025: How income up to ₹12 lakh is tax-free under new tax regime | Explained – CNBC TV18
[ad_1] Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the no-tax limit from ₹7 lakh to ₹12 lakh and introduced revised tax slabs. The government expects its revenue from income tax to increase 14.4% to ₹14.3 lakh crore in FY26, compared to the […]
A look at current income tax rates and deductions ahead of Budget 2025 – CNBC TV18
[ad_1] The upcoming Budget 2025 has led to discussions about potential changes in tax rates and deductions. Individual taxpayers, who saw limited changes in the July 2024 Budget, are now hopeful for meaningful reforms to reduce financial pressure and increase savings. The dual tax regime system—Old Tax Regime (OTR) and New Tax Regime (NTR)—has provided […]
Budget 2025 home loan proposals: From higher deductions to affordable housing benefits – CNBC TV18
[ad_1] Owning a home is a key milestone for many Indians. With rising property prices, taking a home loan has become a necessity for most. While tax benefits on home loans make homeownership more affordable, experts believe the upcoming Union Budget could introduce reforms to further support borrowers. Sahen Karamchandani, Founder of WealthinIndia.com, says, “Tax […]
Budget 2025: Will you get more income tax rebates? – CNBC TV18
[ad_1] As the Union Budget 2025 approaches, expectations for reforms in personal income tax slabs are rising. Taxpayers and industry experts alike have urged the government to address the high marginal tax rates and inflationary pressures on disposable incomes. Currently, India offers two income tax regimes: the new tax regime and the old tax regime, […]
Budget 2025: A look at proposed changes for income tax exemptions and savings – CNBC TV18
[ad_1] As the Union Budget for 2025 approaches, taxpayers and investors are anticipating measures that will ease financial burdens and encourage savings. Here’s a breakdown of the key expectations for the upcoming Budget: Rationalising personal income tax slabs Taxpayers expect the government to adjust income tax slabs, reducing the tax burden, especially at both the […]