6 天之前 · Explore Income Tax Slabs for AY 2025-26 (FY 2024-25). Compare Old vs New tax regimes, see latest tax slabs, key differences, rebates, and find ways to lower your taxable income for maximum savings.

4 天之前 · With the start of the new financial year, many income tax changes will take effect; understanding the latest income tax slabs will help you select the tax regime that works best for you. Here are the income tax slabs under the new tax regime and old tax regime for FY 2025-26 (AY 2026-27), i.e., between April 1, 2025 and March 31, 2026.

2025年1月19日 · Income Tax applies to individuals based on a slab system, where different tax rates are assigned to different income ranges. As the person’s income increases, the tax rates also increase. This type of taxation allows for a fair and progressive tax system in the country. The income tax slabs are revised periodically, typically during each budget.

2016年3月29日 · Under the Union Budget 2025, the Finance Minister announced new income tax slabs and rates as given below: The senior citizen tax deduction cap was enhanced from Rs.50,000 to Rs.1 lakh. The Rs.2.40 lakh yearly cap on TDS on rent has been raised to Rs.6 lakh. Tax Slab (FY 2024-25) in Rs. Tax Slab (FY 2023-24) in Rs.

2025年2月1日 · From assessment year 2026-27 onwards, the rebate under section 87A will be available to individuals resident in India whose income is chargeable to tax under subsection …

2024年7月23日 · Each slab has a specific tax rate applied to the income that falls within its range. Standard Deduction for salaried employees increased from Rs 50,000 to Rs 75,000. Family pension deduction increased from Rs 15,000 to Rs 25,000. Tax Rate on Short-Term Gains on certain financial assets will be 20% tax rate.

2025年2月2日 · With the recent announcements in Budget 2025, significant updates have been made to the income tax slabs for the Financial Year (FY) 2024-25 and Assessment Year (AY) 2025-26. This guide will help you understand the latest income tax slabs, compare the new and old regimes, and make informed decisions regarding your tax planning.

5 天之前 · 1. New Income Tax Slabs under the New Regime (FY 2025–26) From April 1, 2025, the new income tax regime will be the default option. Taxpayers who wish to continue using the old regime (which allows various deductions) must opt in explicitly each financial year. Read More: Tax Dept Withdraws 6,599 Appeals Following Revision of Monetary Limits for Litigation Revised Slab Rates under the New Regime

2025年2月10日 · Here are the income tax slabs for FY 2024-25 (Assessment Year 2025-26): The old tax regime allows various deductions and exemptions but has higher tax rates. Applicability: Available to salaried individuals and pensioners. Purpose: Replaces the earlier transport allowance (₹19,200) and medical reimbursement (₹15,000).

2024年9月24日 · For the assessment years 2024-25 and 2025-26, tax rates under the old tax regime for individuals, HUFs, AOPs, BOIs, and artificial juridical persons offer an exemption limit of ₹2.5 lakh, with slabs of 5% on income between ₹2.5 lakh and ₹5 lakh, 20% on income between ₹5 lakh and ₹10 lakh, and 30% on income above ₹10 lakh.