Direct Tax-Related ChangesTax Rate for Assessment Year 2026-27 and Financial Year 2025-26 IndividualsNew Regime (Revised Slabs)Income up to Rs 4,00,000 - No tax..
Under the new tax regime, there will be no income tax on annual earnings up to Rs. 12 Lakhs, with an additional Rs. 75,000 standard deductions for salaried taxpayers, raising the limit to Rs. 12.75 Lakhs
FAQs - Extending the time-limit to file the updated return
The Economic Survey 2024-25 underscores the remarkable progress achieved under the GST regime.
In this analysis, we break down the key changes and explore their likely impact on India's middle class.
Key Changes in Classification Criteria
FAQs - Personal Income-tax reforms with a special focus on the middle class
Get a comprehensive summary of the Union Budget 2025-2026, covering key announcements, tax reforms, fiscal policies and their impact on the economy, businesses, and individuals
The Economic Survey 2024-25, tabled by Union Finance Minister Nirmala Sitharaman in Parliament on January 31, 2025, presents a comprehensive analysis of India’s economic performance and future outlook.
Why should financial literacy be a priority in the Union Budget 2025? What specific financial literacy initiatives should the government introduce in the budget?
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