Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Tax slabs, rebates, TDS limits: Major income tax changes effective from April 1, 2025
Update / Judgement Date
26 Mar 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Corporate ComplianceFinancial ManagementIncome Tax
Effective April 1, 2025, the new income tax regime will raise the tax exemption limit to ₹12 lakh from ₹7 lakh. The standard deduction will increase to ₹75,000 for senior citizens and individuals earning above ₹12 lakh. The highest surcharge rate will be reduced from 37% to 25%. TDS on life insurance maturity and NSS withdrawals will also change. These changes aim to simplify the tax structure and provide relief to middle-income earners.
