The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...

Latest income tax slabs FY 2025-26: Finance Minister Nirmala Sitharaman ... of sub-section (1A) of section 115BAC of the Act ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Ans. Earlier the limit of income for nil tax payment was Rs 7 lac. By increasing this limit to Rs 12 lakh around one crore assessees who were earlier required to pay tax varying from Rs 20,000 to Rs ...

Budget 2025 prioritised three key areas: reviving consumption amid a notable slowdown, keeping inflation in check through a ...

Finance Minister Nirmala Sitharaman, in her Budget speech, announced new income tax slabs under the revised tax regime, ...

Is special income with special rates, such as capital gains ... It is available only on the tax payable as per slabs under section 115BAC. The changes are big and obviously most welcome.

If you're a regular salaried individual or earn other kinds of 'normal income' up to Rs 12 lakh, you won't have to pay any ...

The minister said with the new announcement, the government has forgone Rs 1 lakh crore in direct taxes and Rs 2,600 crore in ...