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
March 15,2025

drranjani.jpg

The US Department of Homeland Security (DHS) has confirmed that Ranjani Srinivasan, an Indian doctoral student at Columbia University, has voluntarily left the United States after her visa was revoked over alleged support for Hamas, the democratically elected party in Gaza.

Srinivasan, a PhD student in Urban Planning, was in the US on an F-1 student visa. The US Department of State revoked her visa on March 5, 2025, citing security concerns related to her alleged involvement in activities supporting Hamas. On March 11, 2025, she self-deported using the CBP Home App, with officials confirming video footage of her departure.

US Homeland Security's Response

Secretary of Homeland Security Kristi Noem emphasized that studying in the US on a visa is a privilege, which can be revoked if an individual is found to support violence and terrorism. She stated that such individuals should not be permitted to stay in the country.

Srinivasan’s Academic Background

Srinivasan’s academic credentials include:

  • M.Phil in Urban Planning – Columbia University (GSAPP)
  • Master’s in Design – Harvard University (Graduate School of Design)
  • Bachelor of Design (B.Des.) – CEPT University, India
  • Her research focuses on land-labor relations in India’s peri-urban areas, with academic interests in political economy, land politics, and labor sociology.

'Security Concerns'

Her case has gained attention amid increased US government scrutiny of individuals and organizations allegedly supporting Hamas. Visa revocations for security reasons have become more frequent, reflecting the government's strict stance on national security and immigration policies.

Srinivasan’s self-deportation highlights the US government’s ongoing efforts to enforce visa regulations and prevent individuals it considers a security threat from remaining in the country.

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Agencies
March 19,2025

Kanpur (UP): The Uttar Pradesh Anti-Terrorism Squad on Wednesday arrested an employee of the Kanpur Ordnance Factory for allegedly sharing classified and sensitive information with a Pakistani intelligence operative through social media, according to a statement.

The accused, identified as Kumar Vikas, was employed as a Junior Works Manager at the Kanpur Ordnance Factory, the ATS said in the statement.

He was in contact with a suspected Pakistani agent who used the alias "Neha Sharma", it said. Investigations revealed that Vikas had been sending confidential documents and sensitive data related to ordnance manufacturing, employee attendance sheets, machine layouts, and production charts via WhatsApp.

On March 13, ATS arrested another Ordnance Factory employee, Ravindra Kumar, from Hazratpur, Firozabad, for similar offenses. His interrogation led ATS officials to Vikas, who had also been in contact with the suspected Pakistani agent since January 2025.

Authorities said the Pakistani agent introduced herself as an employee of Bharat Heavy Electricals Limited (BHEL) and initially contacted Vikas on Facebook. They later exchanged mobile numbers and continued their communication on WhatsApp.

To avoid detection, they used the Ludo gaming app for covert conversations, the statement read. Vikas was allegedly lured by financial incentives to pass on classified information, it said.

Kumar Vikas has been taken into custody and further legal proceedings are under way.

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News Network
March 10,2025

Many parts of Karnataka, which have been experiencing hot and humid conditions over the past few days, are expected to receive pre-monsoon showers this week.

The India Meteorological Department (IMD) has forecast rainfall over south-interior and coastal Karnataka on March 11 and 12.

According to synoptic observations, an upper air cyclonic circulation lies over the northeast equatorial Indian Ocean and the adjoining southeast Bay of Bengal, extending up to 5.8 km above mean sea level. Additionally, light to moderate southeasterly winds are prevailing over the State at lower tropospheric levels.

As per the forecast, isolated light rain and thundershowers are likely in Kolar, Bengaluru Urban, Bengaluru Rural, Chickballapur, Tumakuru, Ramanagara, Mandya, Mysuru, Chamarajanagar, Kodagu, and Hassan districts in south-interior Karnataka, along with Dakshina Kannada and Udupi in coastal Karnataka on March 11.

On March 12, rainfall activity may extend to Shivamogga and Chikkamagaluru as well. However, dry weather is expected to prevail over the rest of the State.

In Bengaluru, temperatures remained high on Sunday, with the city and Kempegowda International Airport recording a maximum of 34.5°C, while the HAL Airport station reported 34.1°C. The minimum temperatures were recorded at 19.7°C, 18.5°C, and 18°C at these respective stations.

Over the next few days, Bengaluru’s maximum and minimum temperatures are expected to be around 34°C and 20°C. The highest-ever temperature recorded in March was 37.3°C in 1996.

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