1 crore more people will pay no income tax due to rebate hike: Nirmala Sitharaman

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…

1 crore more people will pay no income tax due to rebate hike: Nirmala Sitharaman

The 2025-26 Budget hikes the tax rebate available to individual taxpayer to Rs 12 lakh from next fiscal, from Rs 7 lakh currently.

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…

Union Finance Minister Nirmala Sitharaman said that by making changes in the slab of the new tax regime, one more crore people will get tax relief. The government has increased the new tax regime from 7 lakh to 12 lakh. This decision of the government will be taken directly from the middle class people [...] The post tax exemption will benefit 1 crore more people. Finance Minister Sitharaman said on the new slab appeared first on News Inc India.

One crore more people to pay zero income tax under Budget 2025-26: FM Sitharaman

As many as 1 crore more people will pay no income tax after the increase in rebate to Rs 12 lakh announced in the Budget for 2025-26, Finance Minister Nirmala Sitharaman said on Saturday.