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Date: 01-apr-2025
the Indian government’s new tax regime announced in the Union Budget 2025 has officially come into effect. The revised structure is aimed at simplifying the tax system and providing relief to middle-class taxpayers, especially those opting for the minimal-exemptions route.
Under the revised framework, individuals earning up to ₹12 lakh annually may effectively pay zero tax under the rebate provision, depending on their deductions and regime selection. These changes are expected to bring significant tax savings for salaried individuals, particularly in the ₹7–12 lakh income bracket.
The regime favors taxpayers who prefer no exemptions and deductions, making it a straightforward alternative to the old tax system. However, taxpayers still have the option to choose between the old and new regimes based on their financial planning needs.
Finance Ministry officials stated that the move is part of the government’s long-term roadmap to shift towards a simpler, lower-rate, and broad-base tax system.
Source: Moneycontrol
Image Source: Image by Steve Buissinne from Pixabay
Date: 02-Apr-2025
Sensex and Nifty opened sharply lower on April 1, 2025, as investors reacted to US President Trump's reciprocal tariffs taking effect from April 2. IT, financial, and metal stocks led the decline in early trade.
Date: 02-Apr-2025
Sensex and Nifty opened sharply lower on April 1, 2025, as investors reacted to US President Trump's reciprocal tariffs taking effect from April 2. IT, financial, and metal stocks led the decline in early trade.
04 Apr 2025
