The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...

It is to be noted that while the new regime provides a lower tax rate for specific tax slabs, the old tax regime has enough room for claiming deductions under Chapter VI-A against various ...

Amid the new Income Tax Bill 2025, we answer most FAQs on tax slabs, old vs. new regime, the new income tax rules, exemption ...

Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...

The highlight of Finance Minister Nirmala Sitharaman's eighth consecutive Budget is the relief to middle-class taxpayers from the salaried class. But the Budget speech, which also announced revised ...

The new tax regime has become quite attractive for the middle-class taxpayers. In FY 2023-24, around 74 percent of taxpayers ...

In case you are a non-resident individual or even a resident HUF, AOP or BOI you are not entitled to rebate under Section 87A ...

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 ...

These slabs apply to individuals, Hindu Undivided Families (HUFs), and associations, and are updated periodically to reflect ...

The government’s move to propose a new income tax law has reignited discussions, especially since no relief was announced for ...

In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...