Union Budget 2025

Cabinet approves Income Tax Bill, expected to be tabled next week

The Union Cabinet has approved the Income Tax bill and it is expected to be tabled in the parliament next week

India's Budget has 2 messages for Trump: We are not a high-tariff country, we hear your concern

The Budget 2025-26's reduction in tariffs is being seen as a signal to US President Donald Trump that India is no longer a high-tariff country and is willing to negotiate the trade concerns he may have

Idea behind simpler, new income tax bill? So you can deal with taxes on your own

Finance Minister Nirmala Sitharaman has said that the new income tax bill, which will be presented in Parliament next week, will aim to make the IT Act relevant to the 21st century, with the focus being on encouraging citizens to manage their income tax on their own, according to a report

How Union Budget 2025 has seen the biggest tax break in 20 years

The Union Budget 2025-26 has delivered the largest tax exemption hike in two decades, allowing individuals earning up to Rs 12 lakh annually to pay zero income tax under the new regime. This move aims to boost disposable income, drive spending, and fuel economic growth

How Union Budget gives nod to makhana’s soft power

A ‘Makhana Board’ will be set up in Bihar, Union Finance Minister Nirmala Sitharaman announced in her Budget speech on Saturday. Known as fox nut in English, the edible seed of the prickly water lily has gained popularity worldwide due to its high nutritional value

No income tax up to Rs 12 lakh: What it means if you earn more

In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 lakh will no longer have to pay income tax. She also introduced revised tax slabs under the new tax regime. But what happens if your annual income exceeds Rs 12 lakh? And how much tax benefit will you get?

Why India should have a ‘sin tax’ on ultra-processed foods

Ultra-processed foods, apart from aggravating lifestyle diseases like obesity, diabetes, endocrine disruptions, cardiac issues, and high blood pressure, can attract a lot more expenditure towards themselves, endangering the local producers and the local food economy

Budget 2025: Taxpayers with income of up to Rs 13.25 lakh, not Rs 12 lakh, can pay nil taxes. Here’s how

By claiming two deductions, an individual with a gross salary of Rs 13,25,000 can bring their net taxable income down to Rs 12 lakh, making them eligible for the full tax rebate under Section 87A

Budget 2025: You will have to pay taxes despite income below Rs 12 lakh if...

Income taxed at special rates, such capital gains made through investments in stocks, including short-term and long term capital gains under Section 111A and Section 112, respectively, cannot be offset by the rebate

Will income tax relief for middle class in Union Budget give leg up to BJP in Delhi polls?

In a big relief for the middle class, Union Finance Minister Nirmala Sitharaman said those earning an annual income of up to Rs 12 lakh do not have to pay income tax. The move could prove beneficial for the BJP in the February 5 Delhi Assembly elections. Here’s why