The Union Budget 2025 introduces several measures with a significant attention to strengthening the middle class through tax relief, infrastructure investment and economic reforms. These announcements are expected to promote increased consumption and investment, benefiting mutual funds in this process. […]
The recent amendment units in the Union Budget 2025 clarify the tax treatment of linked insurance policies (ULIPs), especially in cases where they do not qualify for exemption under Section 10 (10D) of the Income Tax Act. There is a
Finance Minister Nirmala Sitarman’s budget 2025 sources (TDS) rules make some significant changes in tax cut. The government has proposed an increased limit for TDs under various sections. The purpose of these changes is to reduce compliance burden, especially for
Finance Minister Nirmala Sitarman has introduced a big tax relief, causing âı 12 lakh tax-free income. For salaried persons, this limit increases to âı 12.75 lakh after factoring in the standard deduction of âı 75,000. With the move, more than
Many taxpayers had expected to become tax-free income of up to âı 12 lakh under a change in budget 2025. However, not all cases are eligible for zero tax. Special rate income, such as capital gains, does not get the
The Union Budget 2025 introduced the major tax relief for salaried persons, senior citizens and home owners. Nil Tax Slab has been increased from âı 7 lakh to âı 12 lakh under the new tax regime, which has benefited the
Announcing the 14th consecutive budget under the Narendra Modi government since 2014, Finance Minister Nirmala Sitarman announced that the deadline for filing the return tax has been proposed for 4 years from the current limit of 2 years. Click here
Budget 2025: In an important step to reduce tax burden, Finance Minister Nirmala Sitarman announced significant changes in the Income Tax Slab in Budget 2025. Nil Tax Slab has been increased from âı 7 lakh to âı 12 lakh. This
Launched by the Central Government in 2004, the National Pension System (NPS) has gained popularity over the years, especially among the private sector with limited retirement savings options. It was initially launched for government employees and later extended to all
The Union Budget 2025 has brought great relief to individual taxpayers, especially the middle class, with an important overhaul of income tax structure. Finance Minister Nirmala Sitarman in her budget speech, amended and announced the new income tax slab under
