The Finance Bill, 2025 has proposed changes in the CGST Act,2017 through Clauses 116 to 129 of the Finance Bill, 2025 in the CGST Act, 2017.
Changes under the Income Tax Law
Bringing clarity in income on redemption of Unit Linked Insurance Policy
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
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