US Edition1 crore more people will pay no income tax due to rebate hike: Nirmala Sitharaman
- The 2025-26 Budget increases the tax rebate for individual taxpayers to Rs 12 lakh, allowing one crore more people to pay no income tax, according to Finance Minister Nirmala Sitharaman.
- The new tax slab exempts income up to Rs 4 lakh and introduces various tax rates for higher income brackets, as detailed in the Budget announcement.
- Nirmala Sitharaman stated that the government aims to benefit the middle class by reducing tax rates and putting more money in people's hands.
- A new Income Tax Bill will be presented in Parliament next week, with a focus on education, healthcare, and energy security reforms.
10 Articles
10 Articles
Budget 2025: 1 Crore More People To Pay Zero Income Tax Under Union Budget 2025-26, Says Finance Minister Nirmala Sitharaman | 📰 LatestLY
In a huge relief for taxpayers, the Finance Minister Nirmala Sitharaman announced a hike in the tax rebate in the Union Budget. According to the revised structure, individuals with a net taxable income of up to Rs 12 lakh will now pay zero income tax. This is a significant notable increase from the previous threshold of Rs 7 lakh. 📰 Budget 2025: 1 Crore More People To Pay Zero Income Tax Under Union Budget 2025-26, Says Finance Minister Nirmala…
Sitharaman: New tax ratesto boost savings, investment – The Navhind Times
PTI New Delhi Paraphrasing Abraham Lincoln, Finance Minister Nirmala Sitharaman on Sunday described the Union budget as “by the people, for the people, of the people”, and said Prime Minister Narendra Modi was fully behind the idea to cut taxes for middle class but it took time to convince the bureaucrats. Sitharaman said the new rates would “substantially reduce the taxes of the middle class and leave more money in their hands, boosting househo…
1 Crore More people to pay zero income tax under budget 2025-26: FM Sitharaman | Economy News – Report Wire
New delhi: As many as 1 Crore more people Addressing a post-budget press conference, she said that the move would “put more money in the hands of people”. In a huge relieve for taxpayers, the finance minister announced a hike in the tax rebate in the union budget. According to the revised structure, individuals with a net taxable income of up to Rs 12 lakh will now pay zero income tax. This is a significant notable increase from the Previous Thr…
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