The Income Tax announcement will provide a relief to the middle-class and boost consumption and demand.

Hindustan Times

New Delhi

Delhi Division

Delhi

India

Massive announcement by Nirmala Sitharaman, no income tax up to ₹12 lakh per annum

We are also covering: From Makhana Board To IIT Expansion, How Budget 2025 Validated Nitish Kumar's Trust, Over 85% Personal Income Tax Payers Will Pay No Income Tax Now and other top stories.

Media Bias/Fact Check

News18 India

Mukesh Ambani

News18 Evening Digest: FM Sitharaman Announces No Income Tax For Those Earning Up To Rs 12 Lakh & Other Top Stories

Finance Minister Nirmala Sitharaman has announced a revised tax structure under the new regime that will reduce taxes and leave more money in the hands of the people. She also said during her Budget speech in the Parliament that an annual income of Rs 12 lakh will attract no tax. Hours after her speech, she addressed a press conference on the Budget, which she said was a response to the 'voice of the people'. She said the new income tax will not…

NDTV

Independent Media

Gautam Adani

Will New Tax Rules Need Parliament Approval? What Nirmala Sitharaman Said

All Sides

HT Media

New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Saturday announced significant income tax cuts for the middle class and unveiled a blueprint for next generation reforms as she looked to shore up a slowing economy amid global uncertainties. Individuals earning up to Rs 12.75 lakh in a year will not have to pay any taxes after she raised the exemption threshold from Rs 7 lakh. She also altered tax slabs for people earning above this …

NewsDrum

FM cuts taxes for middle class in reformist Budget

In a significant move to provide relief to salaried individuals and the middle class, Finance Minister Nirmala Sitharaman announced that there will be no tax for individuals earning up to Rs 12 lakh annually. The nil tax slab has been extended from Rs 7 lakh to Rs 12 lakh, offering substantial savings for taxpayers. Revised Income Tax Slabs Under New Regime 
0 to 4 Lakh: Nil 4 to 8 Lakh: 5% 8 to 12 Lakh: 10% 12 to 16 Lakh: 15% 16 to 20 Lakh: 20%…

NewsX

Venod Sharma

Major Tax Relief For Salaried And Middle Class – No Tax Till Rs 12 Lakh Income

New Delhi: Finance Minister Nirmala Sitharaman announced during her Union Budget 2025 speech that no income tax will be paid on income up to Rs 12 lakh, which will give a big relief to taxpayers, especially the middle class. For salaried taxpayers, this limit will be Rs 12.75 lakh and the standard deduction will be Rs 75,000. She also said that the new income tax regime will be simple, with a special focus on benefiting the middle class. But the…

નવી દિલ્હી : નાણામંત્રી નિર્મલા સીતારમણે તેમના કેન્દ્રીય બજેટ 2025 ના ભાષણ દરમિયાન જાહેરાત કરી હતી કે 12 લાખ રૂપિયા સુધીની આવક પર કોઈ આવકવેરો ચૂકવવો પડશે નહીં, જેનાથી કરદાતાઓ ખાસ કરીને મધ્યમ વર્ગને મોટી રાહત મળશે. પગારદાર કરદાતાઓ માટે, આ મર્યાદા 12.75 લાખ રૂપિયા હશે અને સ્ટાન્ડર્ડ ડિડક્શન 75,000 રૂપિયા હશે. તેમણે એમ પણ કહ્યું કે નવી આવકવેરા વ્યવસ્થા સરળ હશે, જેમાં મધ્યમ વર્ગને લાભ આપવા પર ખાસ ધ્યાન કેન્દ્રિત કરવામાં આવશે. પરંતુ એક મુશ્કેલી છે, જ…

કેન્દ્રીય બજેટ 2025: મધ્યમ વર્ગને મોટી રાહત, 12 લાખ રૂપિયા સુધીની આવક પર કોઈ ટેક્સ નહીં - ChiniMandi

ChiniMandi

Union Budget 2025: Big relief for the middle class, no tax on income up to Rs 12 lakh - ChiniMandi

Union Budget LIVE | Nirmala Sitharaman: No Income Tax Upto 12 LPA, Relief for Middle Class... The post Union Budget LIVE| Nirmala Sitharaman: No Income Tax Upto 12 LPA, Relief for Middle Class |Tax Slabs appeared first on MASSIVE News.

MASSIVE.NEWS

Union Budget LIVE| Nirmala Sitharaman: No Income Tax Upto 12 LPA, Relief for Middle Class |Tax Slabs

Union Budget 2025:  Finance Minister Nirmala Sitharaman has raised the limit of income tax rebate from Rs 7 lakh to Rs 12 lakh, which essentially means that if an individual has an income of up to Rs 12 lakh, she will have zero tax liability. No, the rebate is only applicable for those earning up to Rs 12 lakh. If your taxable income is even a rupee more than Rs 12 lakh, you will have to pay taxes as per the slab rates under the new tax regime. …

Arunachal24.in

Union Budget 2025: No Tax On Income Up To Rs 12 Lakh, Says Nirmala Sitharaman

No Income Tax Till Rs 12 Lakh; Sitharaman Gives Relief To Middle Class In Reformist Budget New Delhi- In a relief to the middle class, Finance Minister Nirmala Sitharaman on Saturday exempted annual income of up to Rs 12 lakh from income tax and rejigged tax slabs as part of her reformist Budget. Presenting her eighth straight Budget in the Lok Sabha, Sitharaman laid out a blueprint for next generation reforms including raising FDI limit in insu…

Kashmir Observer

No Income Tax Till Rs 12 Lakh; Sitharaman Gives Relief To Middle Class In Reformist Budget

Source: Live Mint 
With Budget 2025 behind us, the focus now shifts to the next market trigger—the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, scheduled for February 5-7. 
The Union Budget 2024 offered a big relief to the Indian middle class by tweaking tax rates. Finance Minister Nirmala Sitharaman announced making income up to ₹12 lakh tax-free from ₹7 lakh earlier. 
“Under the proposed 2025 tax regime, a person earning ₹2…

Massive announcement by Nirmala Sitharaman, no income tax up to ₹12 lakh per annum

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics