TaxTMI 
TaxTMI 
Budget proposal of zero income tax up to Rs 12 lakh per annum visionary step: Odisha CM
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....udget proposal of zero income tax up to Rs 12 lakh per annum visionary step: Odisha CM<BR>Budget<BR>Dated:- 1-2-2025<BR>PTI<BR>Bhubaneswar, Feb 1 (PTI) Odisha Chief Minister Mohan Charan Majhi on Satu....
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....rday said the "zero income tax" up to Rs 12 lakh per annum, as proposed in the Union Budget 2025-26, is a visionary step and will empower citizens and strengthen the economy. The Budget gave a relief....
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.... to the middle class with regard to tax incidence and rejigged slabs. Taking to X, Majhi said, “A heartfelt thank you to Hon'ble PM Shri @narendramodi Ji and Hon'ble Finance Minister @nsitharaman j....
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....i for this transformative initiative of Zero Income Tax till Rs 12 Lakh under the New Tax Regime. This visionary step empowers citizens, strengthens the economy, and paves the way for brighter financi....
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....al opportunities for all.” Union Finance Minister Nirmala Sitharaman announced that annual income of up to Rs 12 lakh will be exempt from I-T under the new income tax regime. For salaried taxpayer....
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....s, this income threshold will be Rs 12.75 lakh after taking into account standard deduction. PTI AAM BDC<BR> News - Press release - PIB....