1 day ago · The Budget 2024 introduced significant changes to the tax slabs under the New Tax Regime, which will be applicable for FY 2024-25 (AY 2025-26). Taxpayers can now benefit from revised tax slabs, along with an increased standard deduction and …

3 days ago · New Income Tax Slabs: Union finance minister Nirmala Sitharaman on Saturday presented the Union Budget 2025-2026 in the Parliament and introduced a massive relief for income tax payers.

3 days ago · Budget 2025 Income tax slab changes: The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income above Rs 15 lakh. However, the new tax regime offers limited deductions to taxpayers. Read this story to understand the income tax slabs proposed for the upcoming financial year …

2 days ago · New income tax slabs The revised tax slabs under the new tax regime are: No tax on income up to ₹4 lakh; 5% tax on income from ₹4 lakh to ₹8 lakh; 10% tax on income from ₹8 lakh to ₹12 lakh; 15% tax on income from ₹12 lakh to ₹16 lakh; 20% tax on income from ₹16 lakh to ₹20 lakh; 25% tax on income from ₹20 lakh to ₹24 lakh

3 days ago · New income tax slab under Union Budget 2025-26. Annual Income: Tax rate: Rs 0-4 lakh: NIL: Rs 4-8 lakh: 5 percent: Rs 8-12 lakh: 10 percent: Rs 12-16 lakh: 15 percent: Rs 16-20 lakh: ... Sameer Gupta, National Tax Leader, EY India, said, "The enhanced tax rebates will ensure more disposable income, stimulating consumption and fueling economic ...

3 days ago · Income Tax Slabs 2025 LIVE Updates: Finance Minister Nirmala Sitharaman has announced that under the new income tax regime, nil tax slab has been raised from ₹7 lakh to ₹12 lakh. FM proposed to introduce the new income tax bill next week. With this revision, under the New Tax Regime (NTR) following are the revised tax slabs: ₹ 0-4 lakh: NIL ₹ 4-8 lakh: 5% ₹ 8-12 lakh: 10% ₹ 12 -16 ...

3 days ago · What are the changes to the tax slabs in the new tax regime? In Budget 2025, Finance Minister Nirmala Sitharaman has announced changes to the tax slabs in the new regime. A salaried individual will pay zero tax for annual income up to Rs 4 lakh. In the Rs 4 lakh - to Rs 8 lakh bracket, five per cent income tax will be applied.

3 days ago · Income tax new slabs LIVE: NSE MD Ashish Kumar Chauhan on new income tax slabs says: "Those with income up to ₹ 12 Lakhs have been exempted from paying tax. This is good. This is good.

1 day ago · Budget 2025 income tax: Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised income tax slabs, and increased rebate ...

3 days ago · The new tax regime offers zero tax up to ₹12 lakh, alongside simplified slabs that could save you up to ₹1 lakh in taxes. Shalini Jain, Tax Partner, EY, breaks down the key announcements, comparing the new tax slabs with the old, and shows you how much you can save based on your income level.