Tax reforms made life easier for citizens, helped raise tax-free income to Rs 12 lakh annually: Modi

Tax reforms made life easier for citizens, helped raise tax-free income to Rs 12 lakh annually: Modi https://www.taxtmi.com/news?id=52606 The government raised the income tax rebate threshold to Rs 12 lakh per annum, producing an effective no-tax threshold of Rs 12.75 lakh after standard deduction so that a salaried person at that level will not pay income tax. Tax-administration reforms include streamlined refund issuance with reduced processing times and larger disbursements, and a faceless assessment regime using a centralized electronic selection and random allocation system based on risk parameters and mismatches. en-us Fri, 15 Aug 2025 10:46:03 +0530 Fri, 15 Aug 2025 10:46:03 +0530 TaxTMI RSS Generator Tax reforms made life easier for citizens, helped raise tax-free income to Rs 12 lakh annually: Modi https://www.taxtmi.com/news?id=52606 The government raised the income tax rebate threshold to Rs 12 lakh per annum, producing an effective no-tax threshold of Rs 12.75 lakh after standard deduction so that a salaried person at that level will not pay income tax. Tax-administration reforms include streamlined refund issuance with reduced processing times and larger disbursements, and a faceless assessment regime using a centralized electronic selection and random allocation system based on risk parameters and mismatches. News - Fri, 15 Aug 2025 10:46:03 +0530 https://www.taxtmi.com/news?id=52606