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With the start of the new financial year, many income tax changes will take effect; understanding the latest income tax slabs ...
The Union Budget 2025 has introduced some major changes to India’s income tax structure. If you’re a salaried employee or ...
There is no tax on income of Rs 12 lakh or less, and salaried taxpayers can get tax exemption of up to Rs 12.75 lakh because ...
As the new assessment year 2025-26 gets underway, people across the country especially salaried taxpayers are preparing to ...
Both the old and new tax regimes have advantages and disadvantages, but the New Personal Tax Regime is the best option for taxpayers making up to Rs. 12 lakhs per year since it provides a full refund ...
The new tax regime will have new income tax slabs from FY 2025-26. Many salaried employees hesitated to switch to the new tax ...
New income-tax rates take effect from April 1, the first day of the financial year 2025-26. Finance Minister Nirmala Sitharaman had announced several changes to the income-tax slabs under the new tax ...
There is a marginal relief of up to Rs 22,222 under the new regime until the net taxable income reaches Rs 7,22,222. Marginal relief ensures that the excess tax liability is limited to the excess ...
The government has amended the income tax slabs under the new tax regime for FY 2025-26. According to the new structure, those earning up to Rs 4 lakh will pay no taxes.
Those filing their returns for the first time must also choose between two tax regimes (with different deduction amounts) and ...
Summary: Under the new tax regime for Financial Year 2024-25, individuals with a total income up to ₹7,00,000 are eligible ...
The income tax calculator helps you calculate tax under both the old and new tax regime for all categories of taxpayers ...