Income Tax

No Income Tax on Salary Up to Rs 14.65 Lakh: Full Tax Calculation for FY26

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No Income Tax on Salary Up to Rs 14.65 Lakh: Full Tax Calculation for FY26

No Income Tax on Salary Up to Rs 14.65 Lakh: Full Breakdown With the latest income tax provisions introduced in the Union Budget 2025-26, individuals earning up to Rs 14.65 lakh per year can potentially pay zero income tax by effectively utilizing employer contributions to NPS and EPF. This tax relief is set to take … Read more

Budget 2025: Will Adjusting the 30% Tax Slab from Rs 15 Lakh to Rs 18 Lakh Benefit the Middle Class?

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Budget 2025: Will Adjusting the 30% Tax Slab from Rs 15 Lakh to Rs 18 Lakh Benefit the Middle Class?

With the Union Budget 2025 approaching, taxation remains a critical discussion point, especially concerning its impact on the middle class. A major question arises: will the government revise the 30% tax slab, which has stayed unchanged at Rs 15 lakh since 2020? Given that inflation has risen significantly, with the Cost Inflation Index (CII) climbing … Read more