Explained: All about changes in income tax slabs presented in Union Budget 2025

News Network
February 1, 2025

The Union Budget 2025 has brought significant revisions to the income tax structure, aiming to address long-standing demands of middle-class taxpayers, particularly salaried individuals. The newly proposed tax slabs and rebate enhancements are expected to provide substantial relief, making taxation more streamlined and beneficial for the majority.

REVISED INCOME TAX SLABS

The proposed tax slabs under the new regime are as follows:
•    Income up to Rs 4 lakh – Nil
•    Rs 4-8 lakh – 5%
•    Rs 8-12 lakh – 10%
•    Rs 12-16 lakh – 15%
•    Rs 16-20 lakh – 20%
•    Rs 20-24 lakh – 25%
•    Above Rs 24 lakh – 30% (plus applicable cess and surcharge)

Currently, the tax slabs under the new regime are:
•    Income up to Rs 3 lakh – Nil
•    Rs 3-7 lakh – 5%
•    Rs 7-10 lakh – 10%
•    Rs 10-12 lakh – 15%
•    Rs 12-15 lakh – 20%
•    Above Rs 15 lakh – 30%

ENHANCED REBATE UNDER SECTION 87A

The budget proposes an increase in the income cap for availing the rebate under Section 87A from Rs 7 lakh to Rs 12 lakh, while the rebate amount will rise from Rs 25,000 to Rs 60,000. This effectively means that individuals earning up to Rs 12 lakh annually (or Rs 1 lakh per month) will not have to pay any income tax under the new regime, excluding special rate income such as capital gains.

Additionally, salaried taxpayers can benefit from the standard deduction of Rs 75,000, pushing the tax-free income threshold to Rs 12.75 lakh.

Recent data suggests that 78% of taxpayers have already transitioned to the new tax regime. With these latest reforms, the government anticipates an even greater shift towards the default new regime.

TDS AND TCS RATE RATIONALISATION

The government has proposed selective rationalisation of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) rates, which include:

•    Senior Citizens’ Interest Income – The tax deduction threshold will be increased from Rs 50,000 to Rs 1 lakh.

•    TDS on Rent – The annual exemption cap will rise from Rs 2.40 lakh to Rs 6 lakh.

•    TCS on Foreign Remittances – The threshold cap will increase from Rs 7 lakh to Rs 10 lakh.

Additionally, the higher 20% TDS deduction will now apply only in cases where the PAN is inoperative, ensuring that compliant taxpayers do not face undue deductions. These adjustments are expected to ease compliance burdens for taxpayers.

UPDATED TAX RETURN FILING WINDOW EXTENDED TO 4 YEARS

Currently, taxpayers can file an updated return within 24 months from the end of the relevant assessment year, provided it results in additional tax payments. The new proposal extends this window to 48 months, offering taxpayers more flexibility to rectify their tax filings and remain compliant.

The Union Budget 2025’s tax reforms reflect a concerted effort to reduce the financial strain on taxpayers while simplifying the taxation process. These changes mark a significant shift in the government's approach to personal taxation, with a clear emphasis on inclusivity and fairness.

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News Network
July 1,2025

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Bengaluru, July 1: As senior Congress leader Randeep Singh Surjewala prepares to meet Karnataka MLAs amid growing unrest within the party, Congress MLA Iqbal Hussain has claimed that over 100 legislators support a leadership change and back Deputy Chief Minister DK Shivakumar to take over as Chief Minister.

Hussain, known to be a close ally of Shivakumar, warned that the Congress risks losing power in the 2028 Assembly elections if the top post is not handed over now. “More than 100 MLAs are in favour of a change. Many have been waiting for this moment. They want good governance and believe DK Shivakumar deserves the opportunity,” he said in a TV interview.

‘May Lose 2028’

“I will definitely raise the issue with Mr Surjewala,” Hussain added, referring to Monday's meeting. “If the change doesn’t happen now, Congress cannot retain power in 2028. This is in the party’s best interest.”

While Congress president Mallikarjun Kharge recently reiterated that the decision on the Chief Minister post lies with the party high command, Hussain said, “We respect the high command, but it’s our responsibility to speak the truth.”

DKS Camp Pushes for Rotation

The current discontent traces back to the 2023 Assembly elections, when the Congress registered a resounding victory. Shivakumar, then KPCC president, was widely credited for the win and was seen as a strong contender for the Chief Minister’s post. Eventually, he was persuaded to accept the roles of Deputy CM and state party chief.

While there were reports of a power-sharing or rotational CM deal between Shivakumar and incumbent Siddaramaiah, no official confirmation ever came from the party.

Top Brass Denies Change

Randeep Surjewala, who was rushed to Bengaluru by the party high command, dismissed speculation of a leadership change. He described his visit as a routine organisational exercise focused on governance and party development, calling any talk of a leadership shake-up “a figment of imagination.”

Chief Minister Siddaramaiah, too, downplayed the buzz. Speaking in Mysuru with Shivakumar at his side, he said, “This government will be as solid as a ‘bande’ (rock) for five years.” Holding hands with the Deputy CM, he added, “We are on good terms. We don’t listen to what others say.”

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coastaldigest.com news network
June 30,2025

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Indian National Congress’ national media panelist Aishwarya Mahadev has been appointed as the new Chairperson of the Karnataka Pradesh Congress Committee (KPCC) Social Media Department.

In an official press release, AICC General Secretary (Organisation) K.C. Venugopal stated, “The AICC has approved the proposal for the appointment of Ms. Aishwarya Mahadev as the Chairperson of the Social Media Department of the Karnataka Pradesh Congress Committee, with immediate effect.”

Aishwarya is the daughter of late Congress leader and former MLA Manchanahalli Mahadev, who passed away 14 years ago. 

Despite losing her father at a young age, Aishwarya has remained deeply involved in the party’s activities from early on. She rose through the ranks to become Secretary of the Congress Mahila Morcha (Women’s Wing) at a young age and has held several important responsibilities since then.

Over the years, she has gained prominence as a bold and articulate spokesperson for the Congress, often representing the party in televised debates and digital platforms. 

Known for her sharp communication skills and strong digital presence, her appointment is seen as a strategic move to further strengthen the Congress party’s outreach in Karnataka ahead of future elections.

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News Network
July 6,2025

Mangaluru, July 6: The Mangaluru City Crime Branch (CCB) has arrested two more key accused in a massive overseas job visa scam that duped nearly 300 job seekers and siphoned off over ₹4.5 crore.

With these latest arrests, the total number of individuals held in the case has now risen to three.

Commissioner of Police Sudheer Kumar Reddy C H identified the two newly arrested as: Dilshad Abdul Sattar Khan (45), a resident of Navi Mumbai, and Sahukari Kishore Kumar, alias Anil Patil (34), from Dombivli, Thane district, Maharashtra.

How the Scam Worked

According to the police, the accused opened an office in Bendoorwell, Mangaluru, under the name: Hireglow Elegant Overseas International (OPC) Pvt Ltd

Using newspaper advertisements and false promises of guaranteed overseas jobs, the suspects allegedly lured hundreds of job seekers. Victims were charged hefty amounts for visa processing and placement services, none of which materialized.

Investigations revealed that at least 289 individuals were defrauded, with the total loss amounting to approximately ₹4.5 crore. No genuine visas were issued to any of the victims.

Legal Action and Previous Arrest

The case is being pursued under sections 316(2), 318(4) read with 3(5) of the Bharatiya Nyaya Sanhita (BNS) and was initially registered at the Mangaluru East Police Station.

Earlier, police had arrested Masiwulla Khan, a Mumbai-based accomplice, who is currently in judicial custody. The latest arrests are believed to be of the prime accused in the case.

More Arrests Likely

Both newly arrested suspects were produced before a magistrate and have been remanded to police custody for further investigation.

Police have not ruled out more arrests, as the investigation continues into the full extent of the racket and whether more victims or agents are involved.

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