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Income Tax News

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10 things every taxpayer must know about Sitharaman's Union Budget 2025

Here are 10 things every taxpayer must know about the Budget 2025

Published on Feb 12, 2025, 2:11 PM IST

Hope to introduce new income tax bill in Lok Sabha next week: Sitharaman

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the bill on Friday.

Published on Feb 8, 2025, 4:08 PM IST

Cabinet clears Income Tax bill, to be introduced in Parliament next week

Prime Minister Narendra Modi and other ministers congratulate finance minister Nirmala Sitharaman on Union Budget 2025, in Parliament on Saturday. (ANI Grab)

Updated on Feb 7, 2025, 9:56 PM IST

NPS can allow you to save tax even above ₹12 lakh exemption limit. Here's how

Section 80CCD(2) allows tax deduction of up to 14% of basic salary invested in NPS, whilst the old tax regime offers 10%.

Updated on Feb 5, 2025, 3:14 PM IST

'Anything less than 60LPA is poor': Finance techie's tax comment sparks backlash

The X user claimed anyone earning <span class='webrupee'>₹</span>2 lakhs per month is middle class.

Updated on Feb 3, 2025, 2:35 PM IST

‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman

Finance minister Nirmala Sitharaman (Sanchit Khanna/HT Photo)

Updated on Feb 3, 2025, 5:11 AM IST

Old vs new tax regime: Which is better? A comparison after Union Budget 2025

Budget 2025 offers <span class='webrupee'>₹</span>60,000 rebate for incomes up to <span class='webrupee'>₹</span>12 lakh under new tax regime. (Representational image)

Updated on Feb 3, 2025, 1:55 AM IST

Budget 2025 hikes TDS limit for bank FD | Check all details

Banks are required to deduct tax at source when interest paid to account holders goes over the specified threshold in one financial year. At the moment, it is 10% if PAN is available.

Published on Feb 2, 2025, 3:30 PM IST

‘PM fully supported tax cut idea, took time to convince bureaucrats’: Sitharaman

Union finance minister Nirmala Sitharaman during a press conference in New Delhi.

Updated on Feb 2, 2025, 1:25 PM IST

What the budget does for politics

What the budget does for politics

Published on Feb 2, 2025, 6:46 AM IST

What the budget does for demand

What the budget does for demand

Published on Feb 2, 2025, 6:36 AM IST

A high-class budget for middle-class India

Mumbai, India - May 25, 2017: Office goers having food and drink together at Dishkiyaoon, BKC in Mumbai, India, on Thursday, May 25, 2017. (Photo by Pratik Chorge/Hindustan Times) (Pratik Chorge/HT Photo)

Published on Feb 1, 2025, 11:29 PM IST

Middle class jackpot! Who saves the most under the new tax regime?

Union finance minister Nirmala Sitharaman outside the finance ministry ahead of the presentation of the ‘Union budget 2025-26’ in New Delhi on Saturday, (Sanjeev Verma/ Hindustan Times)

Updated on Feb 1, 2025, 6:35 PM IST

Income tax salary-wise details: How to calculate tax if pay is over ₹12.75 lac

Union finance minister Nirmala Sitharaman speaks in Parliament.

Updated on Feb 1, 2025, 8:34 PM IST

No tax on income of up to ₹12 lakh | All your questions answered

New income tax slabs: The changes proposed by finance minister Nirmala Sitharaman brings a massive relief to taxpayers.

Updated on Feb 1, 2025, 5:48 PM IST

Budget 2025: Will you have to file ITR even if tax liability is zero?

During AY 2022-23, over 2.69 lakh entities, including individuals, companies, firms and trusts, have shown total income of above <span class='webrupee'>₹</span>1 crore.

Published on Feb 1, 2025, 4:04 PM IST

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2025-26 in the Lok Sabha, in New Delhi, Saturday.

Published on Feb 1, 2025, 2:43 PM IST

New Income Tax slabs salary-wise calculation: Who will pay zero tax?

Union finance minister Nirmala Sitharaman presenting the Union budget. (PTI)

Updated on Feb 1, 2025, 4:18 PM IST

Govt to provide ID cards, e-Shram portal registration for 1 crore gig workers

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2025-26 in the Lok Sabha, in New Delhi, Saturday, Feb. 1, 2025

Published on Feb 1, 2025, 12:28 PM IST

Massive announcement by Sitharaman, middle-class gets new income tax structure

Union finance minister Nirmala Sitharaman with Union Minister of State for Finance Pankaj Chaudhary and other officials.

Updated on Feb 1, 2025, 1:20 PM IST

Budget 2025: Centre to introduce new income tax bill next week, says Sitharaman

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2025-26 in the Lok Sabha, in New Delhi,

Updated on Feb 1, 2025, 12:31 PM IST

What is standard deduction in income tax and who is eligible?

Income Tax Budget 2025 Live: The budget speech will outline the government's fiscal policies, revenue and expenditure proposals, taxation reforms, and other significant announcements.

Published on Feb 1, 2025, 8:25 AM IST

Budget 2025 expectations: Will FM Sitharaman revise income tax slabs today?

Union finance minister Nirmala Sitharaman gives final touches to the Union Budget 2025-26 at her office in North Block, in New Delhi.

Updated on Feb 1, 2025, 9:37 AM IST

Terms of Trade: Why we should stop hyperventilating about the Budget

Union finance minister Nirmala Sitharaman before presenting Budget 2024 on February 1, 2024. (Sanchit Khanna/ HT File Photo)

Updated on Jan 30, 2025, 12:21 PM IST

The Reporters' Collective claims non-profit status cancelled by tax authorities

The Reporters' Collective

Published on Jan 28, 2025, 7:05 PM IST

Trump to end income tax? What US President said on tariffs, reforms

US President Donald Trump

Updated on Jan 28, 2025, 7:05 PM IST

Budget 2025: Five concerns of the common man that need FM's attention

Finance Minister Nirmala Sitharaman is expected to present Budget 2025 on February 1.

Updated on Feb 1, 2025, 8:26 AM IST

Budget 2025: How is the new income tax slab different from old version?

The salaried class will expect more income tax reliefs in the budget announcements.

Published on Jan 20, 2025, 3:18 PM IST

Govt likely to introduce new income tax bill in Budget session: Report

The administration is anticipated to present a new income tax bill in the next budget session of Parliament that aims to streamline the current I-T legislation, make it easier to understand, and cut its page count by around 60%.

Published on Jan 18, 2025, 1:51 PM IST

ITR Filing Deadline: What's the last date to file revised or belated ITR?

ITR Filing Deadline: The original deadline to file the income tax returns was July 31, 2024.

Published on Jan 15, 2025, 3:13 PM IST

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