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.

Once you figure out which tax slab you fall under as per your tax regime, it becomes easier to calculate and file taxes, evade charges, and avail of deductions or exemptions accordingly.

The initiative aims to restructure the GST slabs for better outcomes and resolve complexities that create compliance challenges, possibly through a simplified three-rate structure. GST reforms ...

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 ...

Amid the relief to middle class by announcing tax-exemption for incomes upto ₹12 lakh, the central government also revised the tax slabs. The new tax slabs were announced by Union Finance ...

The most significant takeaway from this budget is that taxpayers earning up to Rs 12 lakh will effectively pay zero tax, but do the latest slabs mention tax on income below Rs 12 lakh? It is important ...

Revised Income Tax Slabs and Rates Explained: In her Union Budget 2025 speech, Finance Minister Nirmala Sitharaman introduced a revised tax structure aimed at reducing the burden on taxpayers.

In a bid to provide relief to taxpayers, Finance Minister Nirmala Sitharaman's Union Budget 2025 has revised the income tax slabs and enhanced the tax rebate for individuals, particularly ...