It is important to note that the changes in the income tax slabs under the new tax regime are effective from April 1, 2024, i.e., for the ongoing fiscal year, 2024-25.

Many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is ...

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 ...

Here's everything you need to know about which deductions are claimable under the new tax regime 2025-26 and the benefits ...

Income Tax Slabs: With the new regime, the threshold of income above which income is exempt from taxation remains at Rs 3 lakh, but the slabs have been tweaked so that tax incidence on the mid ...

While there are limited exemptions available under the new tax regime, taxpayers with a gross income exceeding Rs 24.75 lakhs will find the new tax regime beneficial if their total deductions and ...

In the fiscal year 2025-26, starting from April 1, 2025, the New Tax Regime will see new income tax slabs, including a tax rebate of Rs 60,000 for income up to Rs 12 lakh (and Rs 12.75 lakh for ...

Finance Minister Nirmala Sitharaman presented the Union Budget 2020 in the Lok Sabha on Saturday. This is the second time Sitharaman tabled the Budget after ...

Income tax slab for AY 2025-26: Finance Minister Nirmala Sitharaman's Budget 2024 modified income tax slabs, favouring the new tax regime. The old regime, with its deductions and exemptions, could ...

CBDT extends ITR filing deadline to Sept 15, detailing penalty waivers under Section 234A and unchanged advance tax penalties ...

As the income tax return (ITR) filing season for Assessment Year 2025–26 kicks off, taxpayers must note that capital gains ...