The Section 87A rebate, a key provision in India’s income tax law, has sparked confusion among taxpayers, especially those with capital gains income. While Budget 2025 increased the rebate limit to ₹12 lakh under the new regime, ambiguity remains over whether it applies when a taxpayer has both regular income (like salary) and special rate […]
Explained: How much tax will you pay if you earn more than ₹12 lakh – CNBC TV18
Finance Minister Nirmala Sitharaman has introduced a major tax relief, making incomes up to ₹12 lakh tax-free. For salaried individuals, this limit increases to ₹12.75 lakh after factoring in the standard deduction of ₹75,000. With this move, over one crore taxpayers will exit the tax net, costing the government ₹1 lakh crore in forgone revenue. […]
Budget 2025: How much you save under the new income tax regime now | All calculations here – CNBC TV18
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 regime: […]
Budget 2025: How income up to ₹12 lakh is tax-free under new tax regime | Explained – CNBC TV18
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 revised […]
What are the differences between the old and new Income Tax regimes? – CNBC TV18
In India, the Income Tax operates according to a structured system consisting of tax slabs. The income of taxpayers is divided into specific ranges — each with different rates. This has been done to ensure people with high incomes contribute proportionately more taxes. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category […]
New vs old income tax regime: Which is better for you after Budget 2024 changes | Calculations here – CNBC TV18
The Budget 2024 announcement by Finance Minister Nirmala Sitharaman has introduced changes to the new income tax regime. This aims to provide relief to taxpayers and encourage more individuals to opt for this system. With revised tax slabs and an increased standard deduction, taxpayers must be keen to understand the impact of these changes and […]