Thursday, January 30, 2025

New 25% tax rate for middle class, no tax on income up to Rs 8 lakh expected in Budget 2025

The Government's endeavour has been to promote the new tax regime, and personal tax changes in the last few Budgets have been made only for the individuals opting for new tax regime. Almost 72% of taxpayers opted for the new tax regime while filing tax returns for fiscal year 2023-24.

from Tax-Wealth-Economic Times https://ift.tt/PuCi7pG

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