Income Tax Slabs

Income Tax Slabs for AY 2025-26 Latest News Today: How Modi 3.0's budget bonanza affect you savings - check slab calculations, marginal relief and other updates

Govt's attempt is to make tax rates simpler, middle class being kept in mind: FM Nirmala Sitharaman

While the new tax regime scheme was without any exemptions, the government later added standard deductions after hearing the people, Sitharaman added.

Budget for salaried class: Income tax unchanged, pre-FY10 tax demands withdrawn and more

Interim Budget 2024: The government has decided to not to tinker with the existing direct and indirect taxation rates.

Moneycontrol Budget Manifesto: Potential Fiscal, Public Finance & Policy Measures for Interim Budget

India’s projected 6.3-6.5 percent growth from 2023 to 2026, as estimated by the World Bank, might seem modest compared to its recent history. Yet, this positions India among the world’s fastest-growing economies and underscores its growing influence globally. The country’s economic resilience can be attributed to the government’s sharp focus on capital expenditure, relying on the assumption that higher public investment in infrastructure projects will unleash significant economic benefits. This, coupled with the spending power of Indian households, is expected to play a pivotal role in steering not only India but also the global economy through the current challenging times. The crucial challenge for the government is fostering a policy environment to sustain India’s attractiveness to foreign and domestic investors. Moneycontrol presents the Moneycontrol Manifesto.

What Union Budget for 2023-24 has for individual taxpayers

There are trade-offs in switching from the current income tax regime to the new one that offers fresh rebates, but the utility depends on the salary bracket, and the system has moved from an opt-in one to opt-out.

Moneycontrol Selects recaps the biggest budget headlines

Our specially curated package of the most interesting articles from the Union Budget so far to help you stay at the top of your game.

Budget 2023 'anti-people', 'opportunistic': Mamata Banerjee

Addressing a government function at Bolpur in Birbhum district, she claimed that the changes in the income tax slabs will not help anyone.

Budget 2023: Here's a quick comparison of new vs existing income tax slabs

The Union Budget 2023 can introduce some important deductions to the new income tax regime to make it more attractive for tax payers. The new regime offers lower rates but still hasn't gained traction.

TV Mohandas Pai: Budget 2022 is disappointing for taxpaying middle class, but overall positive for economy

It appears the government has been very cautious, and conservative in calculating the tax for this year. The government could have made a more realistic assessment, and use that extra amount to give relief to people, which it has failed to do 

Modi 2.0: 10 policies that affected your savings and investments

A year into the second term, how have the Modi government’s decisions impacted your finances? Team Moneycontrol takes stock of some key decisions.

Tax bonanza: DTC panel proposes 5-slab income tax structure

Currently, personal income is taxed at 5 percent for income between Rs 2.5 to Rs 5 lakh, at 20 percent for income between Rs 5 lakh and Rs 10 lakh, and 30 percent for an income of over Rs 10 lakh.

Budget 2019: FM proposes 100% FDI for insurance intermediaries; hike in insurance FDI also on anvil

FDI in the insurance limit is capped at 49 percent at present

Budget 2019: Focus on healthcare and education, says JPMorgan's Jahangir Aziz

"Cannot keep blaming GST and demonetisation for slowdown," Aziz said.

Union Budget 2017-18: How changes in individual income tax will affect you

Those earning under Rs 5 lakh will benefit the most, while the super-rich will feel the pinch.

Chidambaram's Budget tips to Jaitley: Don't slash income tax rate, cut service tax instead

It is widely expected that the Budget will announce relax the income-tax threshold limits to regain the goodwill of the middle class, which has been inconvenienced by demonetization

Budget 2017: Opportunity to partner with common man to boost national growth

Here is a wishlist of the common man from Union budget 2017

Budget 2017: FM may announce mega stake sale plans, says Emkay Global

Government may announce lots of disinvestment plans in the Budget and some hike in income tax slabs, says Dhananjay Sinha, Emkay Global Fin Services.

Budget FY2015, a good start says Angel Broking

Budget FY2015 highlighted the new government‘s rational approach towards policies for taxation, government spending and growth, says Angel Broking.

Budget Reactions: Hail increase in defence allocation says Zicom Electronic

It is not a flamboyant or even a populist Budget, as many would have expected, for the simple reason that early next year the country goes for the General Elections and Finance Minister P. Chidambaram‘s chief concern seemed to be reducing fiscal deficit than curbing inflation.

Budget Reactions: Measures for expanding financial markets welcome: Kochchar

Measures for further expanding and deepening financial markets and facilitating foreign participation have also been announced. The budget is one part of overall economic policymaking and the budget presented today is a certainly a step forward in the series of initiatives announced by the government in recent months.

Budget to put economy on high growth: SIDBI

The Union Budget 2013-14 embodies strong features of promoting investment and putting the economy on the high growth path leading to inclusive and sustainable development.

Budget Reactions: Cut in STT likely to boost sentiments: Bharti Axa Life

This year‘s budget is a workman-like balancing act and the government has done a decent job given the challenges in the economy. On the positive side – we are happy to see the delivery on the fiscal promise-estimate at 5.2% FY13 & 4.8% FY14 but lack of further visibility on policy initiatives for the coming months is a disappointment.

Budget Reactions: Overall a practical Budget, says India Infoline

Given the fact that elections are just round the corner and the grim macro-economic scenario, the Finance Minister has done a fairly commendable job. He has resisted the temptation to announce a populist budget.

Budget lacks grand plan to put economy back on track: HDFC

FM's effort to fit everything somewhat scrappily into an omnibus policy has resulted in the lack of a cohesive grand plan to put the economy back on track.

Budget 2013 along expected lines, says JSPL

The Union Budget 2013-14 is along predictable lines and is in sync with the Government‘s mantra to achieve growth leading to inclusive and sustainable development.