New income tax law likely to be far simpler sans complexities, says Dipesh Jain of Economic Laws Practice
He speaks about the new tax regime, complex provisions that exist in the law and his expectations from the new Income Tax Law which will be introduced in the Parliament soon. He lauds Budget 2025 for ...
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Income tax rates for individuals
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...