1 February is the day of presenting the budget of the Modi government. People have a lot of expectations and apprehensions from Finance Minister Nirmala Sitharaman. The bullion market, investors, and jewelry buyers are constantly keeping an eye on what will be the government’s attitude towards gold in the Union Budget 2025. It is being speculated that the government may increase the import duty on gold in the budget.

At the same time, the Ministry of Road Transport and Highways will lay a network of NH-Expressways across the country with a budget of three lakh crore rupees. Finance Minister Nirmala Sitharaman is expected to increase the Samman Nidhi to Rs 12000 for crores of beneficiaries associated with the PM Kisan Samman Nidhi Yojana. At the same time, experts hope that the Finance Minister will give income tax concessions to salaried persons and will also focus on agriculture, health care and defense sectors.

Experts suggest that Finance Minister Sitharaman should encourage home ownership under the new tax regime. Budget 2025 is also likely to give some concessions to taxpayers. The new tax regime can be made more attractive. Some announcements are also expected to encourage investment by the private sector.

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The post Tax slabs Change: There may be a change in the tax slabs of the new income tax regime first appeared on Rightsofemployees.com.

Finance Minister Nirmala Sitharaman has made a big announcement regarding Income Tax Slab Rates. If you also pay tax, now the Finance Minister has made major changes in the tax slab. The government has abolished the old tax slab. From now on you will have to pay tax under the new slab.

Let’s see the new tax slabs-

>> 0 to 3 lakh – 0 percent
>> 3 to 6 lakh – 5 percent
>. 6 to 9 lakh – 10% tax
>> 9 to 12 lakh – 15% tax
>> 12 to 15 lakh – 20%
>> above 15 lakh – 30%

Exemption increased in the new tax regime

Finance Minister Nirmala Sitharaman has made several announcements for the benefit of taxpayers. In these, regarding income tax, the Finance Minister announced that under the new tax regime, the rebate has been increased on income up to Rs 7 lakh. Earlier this rebate was available up to Rs 5 lakh. Along with this, the income tax slab has also been increased. Now no tax will be levied up to Rs 7 lakh. Salaried people will get benefit from this.

The post Tax slabs Change: Lottery for income tax payers, Finance Minister changed the tax slabs in the budget, now tax will not have to be paid! first appeared on Rightsofemployees.com.