When a Masjid welcomes non-Muslims to bridge gap between communities

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.

Mysuru: On Monday night, tensions escalated in front of Mysuru's Udayagiri Police Station as thousands gathered to protest a controversial social media post. The post, which critics say portrayed Muslims negatively, featured images resembling political figures Rahul Gandhi, Aravind Kejriwal, and Akhilesh Yadav, and was titled "three idiots." The post also showed a person performing namaz with Arabic script prominently displayed, further intensifying the allegations of communal insensitivity.

Protesters blocked Mahadevapura Main Road and, at times, resorted to stone pelting directed at the police station, police vehicles, and public property. In response, law enforcement used batons and tear gas to disperse the crowd. The ensuing clashes resulted in injuries to several people, including both protestors and police personnel.

By Tuesday morning, normalcy had largely returned. Senior officials—including ADGP R. Hitendra, Police Commissioner Seema Latkar, and DCPs M. Muthuraj and S. Janhnavi—visited the police station to review the situation. Security was significantly increased around the area, and civic workers from the Mysuru City Corporation cleared stones and debris left behind by the demonstrators.

Police have initiated a suo moto case and arrested 32-year-old Suresh, a resident of Kalyangiri Nagar, in connection with the incident. The unrest not only disrupted pedestrian movement but also significantly hampered traffic on Mahadevapura Main Road and its intersections, with city buses bearing the brunt of the blockade.

Despite initial dispersal following police action, the mob reconvened within minutes. It was only around midnight, after assurances from senior police officials—including DCP Muthuraj—that strict action would be taken against those responsible, that the protesters finally dispersed.

Speaking to media on Tuesday morning, ADGP R. Hitendra confirmed that seven police personnel were injured during the stone pelting and announced that a special team had been formed to identify and apprehend the instigators. “The mob was misled by certain individuals who believed that the accused, who shared the derogatory post, would be let off. We will probe thoroughly to determine who is behind this incident,” he stated. 

Mangaluru: Dakshina Kannada MP Captain Brijesh Chowta has urged Chief Minister Siddaramaiah to prioritize increased investments in Mangaluru during the upcoming Global Investors Meet for Coastal Karnataka. He emphasized the region’s immense potential for sustainable industrial growth.

Coastal Karnataka’s Strengths

The MP highlighted Coastal Karnataka’s skilled workforce, premier educational institutions, and strong entrepreneurial ecosystem, making it an ideal destination for industrial expansion.

With its strategic location, excellent port connectivity, and robust infrastructure, the region is particularly suited for industries in R&D, Global Capability Centers (GCCs) - IT and ITES, fintech, renewable energy, marine biotechnology, tourism, and food processing.

Challenges Hindering Growth

Despite these advantages, the MP acknowledged challenges such as youth unemployment, migration of skilled talent, and a lack of large-scale industrial investments. He urged the government to take concrete steps to address these issues.

Proposed Investment Initiatives

To harness the untapped potential of Coastal Karnataka, he requested the CM’s support in:

•    Establishing an IT and startup hub to leverage the region’s large talent pool, boost entrepreneurship, and curb brain drain.

•    Facilitating investments in GCCs and R&D centers, capitalizing on the region’s skilled workforce.

•    Setting up a technological innovation park in Mangaluru to attract investors and institutions.

•    Enhancing New Mangalore Port and developing an integrated coastal economic zone to encourage global trade and manufacturing.

•    Supporting sustainable fisheries, marine research, and ocean-based industries.

•    Encouraging investments in eco-tourism, wellness retreats, and adventure tourism to drive economic growth.

The MP stressed that proactive government intervention in these sectors would significantly boost the region’s economy, attract industries, and create employment opportunities. The proposal is now under consideration.