In a significant move to ease the tax burden and boost economic growth, Finance Minister Nirmala Sitharaman unveiled a revamped income tax structure in the Union Budget 2025-26. The revised tax slabs offer substantial relief, with income up to ₹4 lakh remaining tax-free, while slabs ranging from 5% to 30% apply progressively for higher incomes. Read More…
Tag: Union Budget 2025
Big Tax Relief Expected in Union Budget 2025-26: Middle Class Anticipates Generous Cuts
As the Union Budget 2025-26 draws near, excitement is building over the possibility of significant income tax reductions. The government is reportedly considering tax cuts for individuals earning up to ₹15 lakh annually, with final announcements set for February 1. These measures aim to provide relief to the middle class and spur economic growth. A Read More…
Government Eyes Personal Income Tax Relief in Union Budget 2025 to Boost Economic Growth
As the Union Budget for the fiscal year 2025-2026 draws closer, the government is exploring the possibility of implementing personal income tax relief measures. These potential tax cuts are designed to stimulate consumer spending and support overall economic growth. Reports suggest that the government is considering reducing personal income taxes to help workers grappling with Read More…