'Maybe abolishing income tax...': Finfluencer on the real cost of Budget 2025 for high earners in India
Shrivastava was responding to Shaadi.com founder Anupam Mittal, who highlighted that with this revision, almost 90% of tax filers in India earn below ₹13 lakh per annum, effectively leaving just one crore individuals to pay income tax.
Budget 2025 – Summary of Important Income Tax Proposals
Summary: The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, focused on reforms in taxation, agriculture, MSMEs, and exports. Direct tax proposals included no tax on incomes up to Rs.
Tax bonanza: What Budget 2025 means for India's beleaguered middle-class
No tax on income up to ₹12 lakh, revised tax slabs, senior citizen benefits, and homeowner relief announced by FM Nirmala Sitharaman to ease the financial burden on the middle-class
INDIA BUDGET-India's Tax Cut Plans Will Boost Consumption, Top Execs Say
This comes after the government said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay any taxes, raising its threshold from 700,000 rupees. It also cut tax rates for people earning above the new threshold.
Union Budget 2025 | Resetting India’s direct tax policy
Reducing withholding taxes on senior citizens and allowing taxpayers to claim the annual value of 2 self-occupied properties without conditions are other measures reflecting the desire to boost consumption.
Union Budget 2025: What the tax and funding reforms mean for Indian students abroad
The Union Budget 2025 offers mixed outcomes for Indian students studying abroad. While tax relief for families and expanded research fellowships provi
Takeaways From India's Budget That Slashes Income Tax on the Salaried Middle Class to Spur Growth
Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and
India cuts income tax in a bid to boost consumption
India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, which is projected to grow at its slowest pace in four years. Currently, under the new system introduced in 2020,
India’s 2025-26 Budget focuses on job creation; new income tax bill next week
Dubai: India is hoping to rev up higher growth and job creation with a budget that focuses on offering easier – and more - access to funds for small and mid-sized businesses as well as startups. These will ‘generate employment for youth’ as MSMEs get better access to credit,
Budget 2025 Live Updates: Income tax relief for middle class, Bihar flavour of Nirmala Sitharaman's eighth general budget
FM Sitharaman donned a Madhubani silk saree as she presented her eighth budget, highlighting Bihar projects. The opposition ...
Reactions to India's 2025-26 budget
India plans to cut personal income tax rates to boost middle-class spending power and seeks to increase private investment to ...
Union Budget 2025 LIVE: Over 1 crore taxpayers will pay ZERO tax, says FM Nirmala Sitharaman
LIVE: During the Union Budget 2025 announcements, Finance Minister Nirmala Sitharaman said that under the new tax slabs, over ...
Budget 2025: India Inc Reacts To The Union Budget
The first full Budget of Modi 3.0, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, has introduced major ...
Indian shares muted as budget tax relief offsets capex concerns
Indian shares inched lower in a special session for the union budget on Saturday, as markets took a breather after a ...
Union Budget 2025 Highlights: Makhana, Middle Class, Medicine — Nirmala Sitharaman's plan for the Indian economy
Highlights: FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable ...
Budget 2025: Union Cabinet Approves The Union Budget 2025-26
The Cabinet meeting was held after Sitharaman, who carried a 'Bahi-Khata', met President Droupadi Murmu, accompanied by MoS Finance Pankaj Choudhary and other officials from her ministry.