What has really happened to the income tax slabs in the new income tax regime? A closer look at the income tax proposals in ...

Many taxpayers are confused if their income tax slabs will change in the upcoming fiscal year (FY 26-27) as the Income-tax Act, 2025 is scheduled to take effect on April 1, 2026. Under the Income-tax ...

With the tax season now here, people have once again started consolidating their financial transactions for FY26. From ...

Latest Income Tax Slabs FY 2024-25 For Old Regime: For individuals who are residents and below 60 years of age, the tax slabs highlighted in the image are applicable under the old income tax regime.

While the new labour law has altered salary structures, affecting in-hand pay and tax implications, choosing between the new and old tax regimes depends on applicable tax slabs and deductions.

Standard deduction raised to Rs 75,000; no tax on salary income up to Rs 7.75 lakh (Freepik) The Budget for 2024-25 has introduced a slew of changes to the extant income tax slabs under the new tax ...

Under the new provision, taxable income of up to Rs 1 million per year for an individual or couple will be subject to a 1 percent tax rate. Previously, the 1 percent rate applied only to employment ...

Income tax returns: All the major changes announced in Budget 2024 - rejig of income tax slabs under the new regime and rationalisation of capital gains tax structure - being the key ones, will have ...

Paying 0 income tax on a Rs 15 lakh annual salary may be a dream for many even though the new tax regime for the financial ...

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