Budget 2025: FM Sitharaman makes new income tax regime more attractive for salaried taxpayers

Q: How long will it take to read this news story?

The story "Budget 2025: FM Sitharaman makes new income tax regime more attractive for salaried taxpayers" has 1450 words across 56 sentences, which will take approximately 7 - 13 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Budget 2025: FM Sitharaman makes new income tax regime more attractive for salaried taxpayers" was covered 6 hours ago by Times of India, a news publisher based in India.

Q: How trustworthy is 'Times of India' news outlet?

Times of India is a fully independent (privately-owned) news outlet established in 1838 that covers mostly economy and business news. The outlet is headquartered in India and publishes an average of 17 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25882753</li><li>URL: https://chronographically.beamstart.com/news/budget-2025-fm-sitharaman-makes-17386592157176</li></ul>

Times of India 6h ago

Budget 2025: FM Sitharaman makes new income tax regime more attractive for salaried taxpayers - Times of India

Quick Summary:

Budget 2025 income tax: With the proposed changes, NPTR will now become far more appealing for individuals as it would mean availing beneficial tax rates and no tax declaration or providing/ maintaining tax deduction and exemption proofs.

Now taxpayers have an opportunity to file an Updated Income Tax Return (UITR) with applicable penalty slabs based on the period of delay, up to four years in case they have missed reporting any income.

To illustrate further, an individual earning income of, say, INR 24 lakh per annum, who had previously opted for NPTR will now enjoy a tax saving of INR 114,400 and much more compared to OPTR.