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The government has revised the tax structure under the new regime with Finance Minister Nirmala Sitharaman announcing that ...

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But if there is no tax for Rs 12 lakh, why is there 5 percent tax on earnings between Rs 4 to 8 lakhs. How is tax calculated? How does it work? Let's try to understand! The Finance Minister in her ...

Nirmala Sitharaman, who delivered the Union Budget for 2025-26 in the Lok Sabha at 11 a.m., stated that one crore more people will pay no income tax due to an increase in the refund to Rs 12 lakh.

New Delhi: Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to middle class ...

Finance Minister Nirmala Sitharaman announced zero income tax for up to Rs 12 lakh under the new tax ... initially announced that there would be no taxes for income up to 12 lakhs, she later ...

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stating that no income tax will be payable on income up to Rs 12 lakh. She emphasized that the new income tax regime is designed to be simpler and more beneficial for the middle class ...