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The new tax rates and slabs will come into effect from financial year 2025-26 (Assessment year 2026-27). Budget 2025 also did not make any changes to the old tax regime.
Once you figure out which tax slab you fall under as per your tax regime, it becomes easier to calculate and file taxes, evade charges, and avail of deductions or exemptions accordingly.
The Council, chaired by Sitharaman and comprising her state counterparts, has set up a group of ministers (GoM) to suggest changes in GST rates as well as reduce slabs. "To be fair to the GST and the ...
Latest income tax slabs 2025-26 after Budget 2025: FM Nirmala Sitharaman announced nil income tax for individuals earning up to Rs 12 lakh in Budget 2025. However for salaried individuals ...
EY India’s analysis indicates that taxpayers opting for the new tax regime in FY 2024-25 will benefit further in FY 2025-26 due to the revised slabs. Shalini Jain, tax partner at EY India, said the ...
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 ...
Track Income Tax Budget 2025 LIVE updates with Mint as middle-class pins hope on FM for tweaks in income tax slabs. Follow Budget 2025 share market impact highlights with Mint. The Budget 2025 ...
Finance Minister Nirmala Sitharaman has announced significant income tax relief measures in the Budget for 2025-26. Individuals earning up to Rs 12 lakh per annum will be exempt from income tax, while ...
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