Budget 2025 brings new income tax slabs with benefits for the middle class, including higher exemptions, marginal relief, and a standard deduction for salaried individuals.
Explore updated income tax slabs for 2025, compare the old and new regimes, and understand their impact on middle-class taxpayers. Find key FAQs and examples.
Budget 2025 highlights direct tax changes, including new income tax slabs, TDS rationalization, and other important updates for taxpayers.
This FAQ guide provides clarity on key aspects of customs duties and tariff structure updates in Budget 2025-26. Basic Customs Duty (BCD) is levied on imported goods under the Customs Act, 1962, while tariff rates are specified in the Customs Tariff Act, 1975. Effective rates may vary based on notifications. Additional levies like Agriculture Infrastructure […]
BILL No. 14 OF 2025 THE FINANCE BILL, 2025 (AS INTRODUCED IN LOK SABHA) THE FINANCE BILL, 2025 ARRANGEMENT OF CLAUSES ______ AS INTRODUCED IN LOK SABHA ON 1ST FEBRUARY, 2025 Bill No. 14 of 2025 THE FINANCE BILL, 2025 A BILL to give effect to the financial proposals of the Central Government for the […]
MEMORANDUM EXPLAINING THE PROVISIONS IN THE FINANCE BILL, 2025 FINANCE BILL, 2025 PROVISIONS RELATING TO DIRECT TAXES Introduction The provisions of Finance Bill, 2025 (hereafter referred to as “the Bill”), relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as ‘the Act’), to continue reforms in direct tax system through […]
Explore simplified summary of 10 important changes in Union Budget 2025 concerning direct taxes. Understand new income tax rates, MSME criteria, TDS thresholds, and more.
Finance Bill 2025 introduces changes to Customs & Excise, impacting duties, exemptions, and GST provisions effective from 2nd February and May 2025.
Union Budget 2025-26 introduces tax relief with no income tax up to Rs. 12 lakh, benefiting middle-class taxpayers and boosting consumption.
Budget 2025-26 introduces GST amendments to streamline trade facilitation, including changes in input tax credit distribution, track and trace mechanisms, and penalties.
