The New Fund Offer (NFO ... It also offers tax efficiency. Long-term capital gains (on holdings over two years) are taxed at 12.5%, while short-term gains follow the investor's income slab rate.

As the ITR filing season for the financial year 2024-25 (FY25) begins, individual taxpayers need to make an important choice- stick with the default new tax regime ... higher slab rates. Select the ...

The sources said that the government proposed increasing the income tax exemption threshold from Rs600,000 to Rs1.2 million per annum. It also proposed setting new slab ... the rate from 18% ...

LOWER TAX RATES UNDER THE NEW REGIME Under the old tax regime, the basic exemption limit is Rs 2.5 lakh, and the highest tax rate of 30% applies to income above Rs 10 lakh. CA (Dr) Suresh Surana ...

If you have an income between Rs 12 lakh to Rs 15 lakh, the rate ... the new regime, most of these deductions and exemptions are not allowed. Only a few like 80CCD(2), 80CCH, and 80JJAA are available, ...

The Union Budget 2025 has announced significant revisions to the Income Tax Act of 1961 ... The Budget 2025 introduced updated tax slab rates under Section 115BAC, which pertains to the New Tax Regime ...

Whether you’re excited or neutral about the new Kentucky income tax rate, you may want to know when you can expect this year’s refund. Unfortunately, the Department of Revenue has announced a ...

The basic exemption limit will be ₹4 lakh and income above ₹24 lakh will be taxed at the highest rate of ... Section 115BAC allows individuals and Hindu Undivided Families (HUFs) to opt for a new tax ...

The EMI amount will go down from Rs 39,335/- to Rs 38,446/- The biggest takeaway for the middle class is the combined bonanza from income tax slab and rate changes under the new income tax regime ...

New Delhi: Union Finance Minister Nirmala Sitharaman on Saturday presented the Union Budget 2025 in the Lok Sabha. In a major relief for the salaried class people, individuals earning up to Rs 12 ...

Resident individuals with a net taxable income up to Rs 12 lakh will now pay no income tax. For salaried individuals who avail of the standard deduction benefit of Rs 75,000 under the new tax regime .

112 etc.). Income tax rules on Section 87A tax rebate for FY 2025-26 In accordance with the New Tax Regime, a revised rate slab has been introduced. Under this new system, individuals earning ...