The IRS has unveiled the updated tax brackets for the 2025 fiscal year, reflecting a 2.8% increase to align with inflation.

With tax season underway, here's what you need to know about tracking your tax refund and your new 2025 tax brackets.

The middle class, often seen as the silent engine driving India’s economic growth, is finally at the center of fiscal relief.

Learn about the new and old tax regimes, including tax rates and surcharges applicable to various income levels.

Finance Minister Nirmala Sitharaman announced the new tax slabs under the new tax regime, thus offering tax saving for taxpayers. There will no income tax for salaried taxpayers earning upto ₹12.75 ...

Summary: Budget 2025 introduces significant changes to income tax slabs under the new tax regime for individuals. Key highlights include tax-free income up to ₹4,00,000, and progressive tax rates ...

A tax payer in the new regime with an income of ₹ 12 lakh will get a benefit of ₹ 80,000 in tax (which is equivalent to 100 per cent of tax payable as per existing rates). Upto ₹18 lakh: A person ...

The FM also informed that taxpayers with income up to Rs 12 lakh will not have to pay any tax. However, this rebate is only applicable on basic income, excluding special income such as capital gains.

Union Finance Minister (FM) Nirmala Sitharaman, who presented her eighth consecutive Union Budget on February 1, streamlined ...

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 today. Experts expect potential reforms, from tax ...