Can Budget 2025 make salary up to ₹1015 lakh taxfree? Here's what tax experts think

India Budget 2025 Tax Changes. India Budget 2025 Highlights Austin Carr Benefits for startups The Union Budget 2025 has extended the benefit of Section 80-IAC of the Income Tax Act, 1961, until 2030, a move set to provide a significant boost to India's startup ecosystem. The total capital expenditure proposed for the next fiscal is Rs 11.22 lakh crore and an effective capital expenditure of Rs 15.48 lakh crore

It had themaximum financial impact on all individuals has been made in the Budget 2025, promoting them to apply for new scheme. The government in Union Budget 2025 has proposed a tax of ₹ 60,000

Tax Slabs Budget 2025 LIVE Updates New Tax Slab and Rates Changes for FY 202526

Key Highlights of Union Budget 2025-26 - Changes under the Income Tax/Direct Tax Law Central measures include revised tax structures for incomes up to Rs.12 lakh, modified farm credit limits to Rs.5 lakh, and changes to medical education with 10,000 new seats. Income Tax Reforms: In a significant move to enhance the spending power of the salaried middle class, the government has raised the income tax exemption threshold from ₹7 lakh to ₹12 lakh (approximately $8,074 to $14,800)

2025 Tax Brackets And Deductions Allowed Esther J. Rodriguez. The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent over the current fiscal Tax Rate for Assessment Year 2026-27 and Financial Year 2025-26

India Total Budget 2024 Image to u. Additionally, tax rates for incomes above this threshold have been reduced. It proposes a gross tax revenue collection of Rs 42.70 lakh crore and a.