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Tax on subsequent amount of 4 lakh (from 4 lakh to 8 lakh) Rs 20,000 (being 5% of Rs 4 lakh) Tax on subsequent amount of 4 lakh (from 8 lakh to 12 lakh) Rs 40,000/- (being 10% of Rs 4 lakh) Tax on ...

The new tax rates and slabs will come into effect from financial year 2025-26 (Assessment year 2026-27). Budget 2025 also did not make any changes to the old tax regime.

*Note- No deduction available except mentioned below. Standard Deduction U/s 16(ia) upto Rs.75,000/-Family Pension U/s 57(iia) upto Rs.25,000/-Deposited in the Agniveer Corpus Fund u/s 80CCH(2) Rebate ...

Latest income tax slabs 2025-26 after Budget 2025: FM Nirmala Sitharaman announced nil income tax for individuals earning up to Rs 12 lakh in Budget 2025. However for salaried individuals ...

EY India’s analysis indicates that taxpayers opting for the new tax regime in FY 2024-25 will benefit further in FY 2025-26 due to the revised slabs. Shalini Jain, tax partner at EY India, said the ...

To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union Budget 2025-26 presentation, increasing the income tax exemption limit to Rs ...

Over the past decade, key changes have included higher exemption limits, revised tax slabs, and enhanced rebates, reflecting a consistent push for tax relief. Budget 2025 prioritised three key ...

Finance Minister Nirmala Sitharaman in her Union Budget 2025 speech today announced a new tax slab that has been refreshed across the board. Under the new regime, there is no tax on income up to ...