[ad_1] March 31 is the last day to make tax-saving investments for the financial year 2024-25. If you haven’t planned your investments yet, here are some options to reduce your tax liability under the old tax regime. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index […]
Old tax regime may make sense in only these cases now – CNBC TV18
[ad_1] Budget 2025 has raised the income tax exemption threshold to ₹12 lakh. For salaried individuals, this limit increases to ₹12.75 lakh after factoring in the standard deduction of ₹75,000. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap […]
Budget 2025: Here’s an overview of key taxes to be paid by Indian consumers – CNBC TV18
[ad_1] Budget 2025 has finally been announced by Finance Minister Nirmala Sitharaman on Saturday, Feb 1, 2025. From income tax to capital gains tax, Goods and Services Tax (GST), and Securities Transaction Tax (STT), each tax plays a role in shaping the financial landscape for individuals and businesses. Here’s a breakdown of current state of […]
Income tax slabs 2025: No tax payable on income up to ₹12 lakh under the new regime – CNBC TV18
[ad_1] Budget 2025: In a significant move aimed at easing the tax burden, Finance Minister Nirmala Sitharaman announced crucial changes to income tax slabs in Budget 2025. The nil tax slab has been raised from ₹7 lakh to ₹12 lakh. This change is expected to boost disposable income, increase savings, and stimulate household consumption. Key […]
Income Tax Slabs 2025-26 Live Updates: Will middle-class taxpayers breathe a sigh of relief
[ad_1] Income Tax Slabs 2025-26 Live Updates: Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 today. Experts expect potential reforms, from tax rate cuts to an overhaul of the system, aimed at boosting consumption, simplifying taxation, and driving economic growth. Income Tax Slabs 2025-26 Live Updates: Finance Minister Nirmala Sitharaman is […]
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: 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 income tax proposals: From rate cuts to regime overhaul – CNBC TV18
[ad_1] The Union Budget 2025-26, set to be presented on February 1, is expected to bring changes on the income tax front. Experts anticipate proposals ranging from rate cuts to a overhaul of the tax regime, aiming to boost consumption, simplify taxation, and support economic growth. Additionally, EY India highlights the need to resolve income […]
Key differences between the old and new income tax regimes – CNBC TV18
[ad_1] SUMMARY The Income Tax Department in India offers two types of tax regimes: the new tax regime and the old tax regime. The new tax regime, introduced in 2020, provides lower tax rates but eliminates most exemptions and deductions, such as those for home loan interest and tax-saving investments. On the other hand, the […]
What are the differences between the old and new Income Tax regimes? – CNBC TV18
[ad_1] 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 […]