The Union Budget 2025 introduces significant measures aimed at bolstering India’s middle class, directly impacting your personal finances. Here’s how: Personal Income Tax Reforms Increased Tax Exemption Limit The zero-tax threshold has been raised to ₹12 lakh from the previous ₹7 lakh. This means individuals earning …
Direct Tax-Related Changes Tax Rate for Assessment Year 2026-27 and Financial Year 2025-26 Individuals New Regime (Revised Slabs) Income up to Rs 4,00,000 – No tax Rs 4,00,001 – Rs 8,00,000 – 5% Rs 8,00,001 – Rs 12,00,000 – 10% Rs 12,00,001 – Rs 16,00,000 – …
As Finance Minister Nirmala Sitharaman gears up to present the Union Budget 2025 on February 1, industry experts are eyeing significant reforms to propel India toward its ambitious goal of “Insurance for All” by 2047. The insurance sector anticipates pivotal announcements aimed at increasing insurance penetration …
