Have income tax slabs for FY 2025-26 in new, old tax regime changed in new Income Tax Bill?
The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many taxpayers are worried that the new tax bill has made any changes in the income tax slabs under old and new tax regimes.
New Income Tax Bill 2025 LIVE Updates: Amendments, updates, tax slabs — what to expect from I-T Bill in LS tomorrow
From amendments and updates to the tax slabs — we explore what you can expect from the new income tax bill to be presented by Finance Minister Nirmala Sitharaman in Parliament tomorrow.
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 to calculate and file taxes,
Income Tax Slabs Explained: Simplifying Tax Calculations for You
India follows a progressive tax system, meaning your tax rate increases as your income rises. To simplify, income is divided into different slabs, each attracting a specific tax rate. Here’s how the income tax slab looks for individuals below 60 years of age for AY 2025-26:
New vs old income tax regime after Budget 2025: Post income tax slab changes, which tax regime is better for salaried middle class taxpayers?
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the midd
Income Tax Slabs Budget 2025: No Income Tax Till Rs 12 lakh, Check New Slabs
According to the announcement made by Finance Minister Nirmala Sitharaman, there will be no income tax payable for individuals earning up to Rs 12 lakh under the new tax system.
Income-Tax Bill, 2025 to be tabled in Parl: New tax slabs, reforms & more
The draft Income-Tax Bill, 2025 has been circulated among Members of Parliament and is expected to be tabled in Parliament on Thursday. The 622-page bill seeks to replace the six-decade-old Income Tax Act of 1961,
FY2025-26 New Income Tax Slabs Under Revised Tax Regime – A Detailed Breakdown
To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union Budget 2025-26 presentation, increasing the income tax exemption limit to Rs 12 lakhs.
Govt answers all FAQs on new Income Tax Bill: ‘60,000 man-hours spent on it’
The government has shared a list of frequently asked questions that taxpayers may pose after reading the Income Tax Bill 2025. Read on to know what they are.
New Income Tax Bill 2025: 'Layman's Tax Code' - Expert Decodes
Finance Minister Nirmala Sitharaman , in her Union Budget 2025 speech, announced a historic move—the introduction of a new Income Tax Bill to replace the six-decade-old Income Tax Act of 1961.Today, the bill has been officially tabled in Parliament,
New Income Tax Bill, half the size of 1961 I-T Act, built on core ‘SIMPLE’ principles: What are they?
The Income Tax Bill 2025, has 57 tables, compared to 18 in the existing I-T Act of 1961 and removed 1,200 provisos and 900 explanations.
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Income Tax Slabs Budget 2025 Highlights: How much income tax will middle class taxpayers save? FM Sitharaman's big tax announcements decoded
Income Tax Slabs Budget 2025 Live: Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never before! Income tax slabs and income tax ...
New Income Tax Bill 2025 Live Updates: Sitharaman may table new I-T Bill today - Check direct tax code, new vs old tax slabs & more
The new bill, which aims to simplify the tax language for common people, will replace the Income Tax Act, 1961.
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Revised Income Tax Slabs, Old Regime vs New Regime? Top Questions Answered
But the Budget speech, which also announced revised tax slabs, has left many confused over the relief they will be getting. The tax slabs under the new regime have been revised in Budget ...