According to the Union Budget 2025, in the new tax regime, taxpayers get income tax-free up to Rs 12.5 lakh. Which means that you do not need to pay any tax on income up to Rs 12 lakh.

Income tax calculations, ITR filing for FY2526: In the new tax regime, tax slabs have been significantly revised. These slabs will be applicable for the income earned in the financial year 2025-26.

public sector banks and undertaking. Also, as the additional 4% deduction is available only in the new tax regime, more employees will consider shifting to the new tax regime. Thus, with this ...

With the new tax regime looming, companies were rushing ... since it only attracted a 23.3% tax in the hands of the company undertaking the buyback. On the other hand, dividends could be taxed ...