However, individuals still need to file Income Tax Returns to remain compliant. New tax slabs The new rules also modify the structure of tax slabs under the new Income Tax regime. Seven slabs now ...

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget ...

Income Tax Slabs: The new tax slabs announced by Union Finance Minister Nirmala Sitharaman in the Budget 2025-26 has come into effect from Tuesday i.e. April 1. The revised income tax slabs for ...

Also Read | Income Tax Slabs FY 2025-26 explained: 20 FAQs individual taxpayers should check to understand tax rates, income tax benefit under new tax regime For the tax brackets of Rs ...

Under the new tax regime, there is a small tax exemption of Rs 3,500 per financial year available on the interest earned from ...

A number of changes pertaining to income tax slabs under the new tax regime go into effect on April 1, 2025 (FY26), as ...

As the new financial year approaches, taxpayers should assess their income, eligible deductions, and financial goals to choose between the old and new tax regimes.

The revisions introduced under the new tax regime is aimed to make the new regime easier, cut down on paperwork, and minimise ...

The attractiveness of the new tax regime has increased due to a hike in tax rebate under Section 87A and new income tax slabs ...

The new tax regime will have new income tax slabs from FY 2025-26. Many salaried employees hesitated to switch to the new tax ...

You should opt for the old tax regime if you want to claim deductions and exemptions for house rent allowance.

Agricultural income is outlined under Article 366 of the Indian Constitution, which states that Agricultural income as ...