New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...
What is new income tax bill?
The new income tax bill received clearance from the Union Cabinet last week. Soon, the FM will likely table the same in the ...
Budget 2025 new vs old income tax regime: Will FM Sitharaman do away with the old regime soon? Experts weigh in
Most personal tax experts are of the view that the government will phase out the old income tax regime in the com ...
New Tax Regime 2025: These exemptions, deductions will be available for taxpayers
In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...
Tax Guru4d
Income Tax Exemptions for Corporates vs Individuals
The total revenue impact of major tax incentives for Individual/HUF taxpayers for last five years is Rs 8,69,907.40 In comparison, the total revenue impact of major tax incentives for corporate ...
Budget 2025: No income tax payable up to income of 12 lakh -- relief for middle class
The income tax slab of 30% has remained at Rs 15 lakh since 2020. However, the Cost Inflation Index (CII) has increased by 21 ...
Can You Still Opt For Old Tax Regime? And Will You Gain Or Lose Out
With Finance Minister Nirmala Sitharaman announcing big rebates for taxpayers in the middle-income group under the new tax ...
NewsX13d
Budget 2025: Old vs New Tax Regime: Key Features And Differences
Explore the key differences between the old and new tax regimes in India. With Budget 2023 changes, find out which tax system ...
Income Tax Slab For [FY 2025-26]
The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...
Tax Guru4d
Tax Exemptions: Impact on Individuals and Corporates
Total Revenue Impact for FY 2023-24 is projected revenue impact. (ii) The total revenue impact of major tax incentives for Individual/HUF taxpayers for last five years is Rs 8,69,907.40 Crores. In ...