Finance Minister Nirmala Sitharaman announced significant reforms in Budget 2025, including raising the income tax exemption limit to ₹12 lakh and increasing TDS exemption limits.

The Budget removes TCS on remittances up to ₹10 lakh for foreign education when funded by loans, while retaining a 5% TCS for ...

Imported life saving drugs, medicines to become cheaper *6 new schemes for farmers, KCC limit raised to Rs 5 lakh *Top 50 tourist destinations to be developed in partnership with States *Thrust on ...

Union Finance Minister Nirmala Sitharaman shows the Budget tablet at Ministry of Finance before heading to the Parliament to ...

Budget 2025-26 brings major tax relief, raising the tax-free income threshold and easing TDS and TCS norms. Key updates also ...

The FM also informed that taxpayers with income up to Rs 12 lakh will not have to pay any tax. However, this rebate is only applicable on basic income, excluding special income such as capital gains.

India's Union Budget 2025-2026 is designed to boost short-term consumption, according to an official of LuLu <a target=_blank href= ...

Sitharaman also said that the annual limit on rent has been raised to 6 lakh for TDS for senior citizens during her Budget ...

Manoj Purohit, Partner at BDO India’s Tax and Regulatory Services, commented that this change addresses a long-standing need ...

Finance Minister Nirmala Sitharaman on Saturday proposed to increase the threshold of tax collected at source (TCS) on remittances under the RBI's Liberalized Remittance Scheme to Rs 10 lakh from the ...

Finance Minister Nirmala Sitharaman on Friday proposed to double the limit for Tax Deduction at Source (TDS) on interest ...

Highlights: Union Finance Minister Nirmala Sitharaman on Saturday announced significant income tax cuts for the middle class ...