New tax slab 2025 impact: In her Budget statement ... This new tax regime, effective from FY 2020-21 (AY 2021-22), features concessional tax rates with limited deductions and exemptions.

Personal income tax in India has always followed a progressive slab ... The New Tax Regime was first introduced by the government in the financial year 2020-21 (assessment year 2021-22).

New Tax slabs The finance minister is anticipated to make adjustments to the tax slab and rates in the new ... for MIG applicants on March 31, 2021, and later for EWS and LIG applicants in March ...