Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

The government introduced a new tax regime of lower tax rates in Budget 2020, which continues in FY 2025-26. In Budget 2025, the government pushed for the adoption of the new tax regime of lower tax ...

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 ...

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 ...

Finance Minister Nirmala Sitharaman has announced that under the new income tax regime, nil tax slab has been raised from ₹7 ...

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