This move ensures that individuals earning up to Rs 12 lakh annually will no longer have to pay any income tax. As per the revised slabs, the tax rates will ... tax is applied to the consumption of ...

Income Tax Slabs: The new tax slabs announced by Union Finance Minister Nirmala Sitharaman in the Budget 2025-26 has come into effect from Tuesday i.e. April 1. The revised income tax slabs for ...

Several key changes have been introduced in the Goods and Services Tax (GST ... These include revised income tax slabs, a unified pension scheme and new UPI deactivation rules, among others.

April 1, 2025, marks the beginning of the new fiscal year—FY 2025-26. As the new financial year begins, many new income tax laws take effect. It is important to take note of these new income tax ...

With the new financial year FY2025-26 starting today, on April 1, 2025, we take a look at what changes for you in terms of online payments, GST rates, income tax slabs, bank balance, LPG cylinder ...

The Union Budget 2025 introduced revised income tax slabs and deductions ... those with at least 25 years of service receive a pension equivalent to 50 per cent of their last 12 months’ average basic ...

Revised Tax Slabs ... limit on interest income to ₹1 lakh. This means senior citizens earning interest from fixed deposits and savings accounts will enjoy a higher exemption before TDS is deducted.

(Priyanshu Singh/Reuters) A prominent rule change that will take place is related to the new income tax slabs which were ... Meanwhile, the Goods and Services Tax (GST) framework will also see ...

WILL CHANGES IN TAX SLABS REDUCE THE ... impose taxes on agricultural income (Entry 46, List II), professional income (Entry 60, List II), and specific goods and services. The Income Tax Bill ...

Taxes help the government generate the revenue required to fund public goods and services such as education, healthcare, infrastructure, defence, and social welfare programs. India’s tax system is ...

New Delhi: Makers of consumer goods spanning packaged items, food services and home ... “The income tax reform, which raises the minimum taxable slab to ₹12 lakh, coupled with RBI rate cuts ...

The Finance Minister Nirmala Sitharaman’s budget 25-26 proposal to steeply abolish tax for income upto ₹12 lakh sans deduction and exemptions from the existing ₹7 lakh as well as the proposal to bring ...