ICAN CA INDIA

Tag: Budget 2025

  • Income Tax Amendments – Budget 2025

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    The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, introduced significant amendments to India\’s income tax structure, particularly under the new tax regime. Here are the key changes: Revised Income Tax Slabs: Income up to ₹12 lakh: No income tax will be levied. Standard Deduction – ₹75,000, effectively making income up to ₹12.75 lakh…