Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.
Finance Minister Nirmala Sitharaman announced a new tax regime exempting taxpayers with salaries below Rs 12 lakh from paying ...
The Union Budget 2025 introduces stricter tax rules for Non-Resident Indians (NRIs), including students and young ...
The government has proposed to increase the tax rebate available to individual taxpayer opting for the new tax regime. Tax ...
Under the new regime, the tax liability for individuals earning Rs 12 lakh or Rs 12.75 lakh (for salaried persons) is Rs ...
The Budget proposes revised slabs and rates, which Sitharaman said would reduce the tax burden on the middle class, allowing ...
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) ...
You can use Indian Express ’s income tax calculator to calculate your tax for financial year 2025-26. Select Financial Year: ...
Finance Minister Nirmala Sitharaman has proposed significant tax reforms for middle-class taxpayers in India. With zero tax on incomes up to ₹12 lakh and reduced rates for higher brackets, here’s how ...
All income tax slabs and rate changes have been announced under the new income tax regime - and the biggest takeaway is that ...
Union Finance Minister (FM) Nirmala Sitharaman, who presented her eighth consecutive Union Budget on February 1, streamlined ...