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“ I propose to revise tax rate structures as follows: 0 to ₹4 Lakhs - nil, ₹4 Lakhs to ₹8 Lakhs - 5%, ₹8 Lakhs to ₹12 Lakhs - 10%, ₹12 Lakhs to ₹16 Lakhs - 15%, ₹16 Lakhs to ₹20 Lakhs - 20%, ₹20 Lakhs to ₹24 Lakhs - 25% and above ₹24 Lakhs - 30%. To taxpayers up to ₹12 Lakhs of normal income other than special rate income such as capital gains, a tax rebate is being provided in addition to the benefit due to slab rate reduction in such a manner that there is no tax payable by them,
Nirmala Sitharaman, 4 months
New income tax slabs released in Budget | Check full details

Budget 2025 session of parliament begins today, FM Nirmala Sitharaman to table Economic Survey

4 monthsEconomic Survey

Statements by Nirmala Sitharaman

“ If you compare what we have done today with what prevailed in 2014 under the Congress government, the narrative has always been about putting money back into the hands of the people. Compared to the…
Nirmala Sitharaman, 4 months
Why did govt increase income tax rebate from ₹7 lakh to ₹12 lakh? FM…
“ The new structure will substantially reduce the taxes of the middle class and leave more money in their hands, boosting household consumption, savings and investment,
Nirmala Sitharaman, 4 months
“Yes, You’ve Got Some Tax Relief, But...”: Shashi Tharoor On Budget
“ I had announced three Centres of Excellence in Artificial Intelligence for agriculture, health, and sustainable cities in 2023. Now a Centre of Excellence in Artificial Intelligence for education will…
Nirmala Sitharaman, 4 months
“India Has Good Talent”: Minister On Building AI Amid DeepSeek vs…

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