The new income tax slabs are applicable from April 1, 2025. Further, there is no income tax on incomes up to Rs 12 lakh. Few people know how income tax is calculated on their net taxable income if it ...

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 ...

After successfully filling out the income-tax return, the next step is to verify it. If a return is filed but not verified ...

So, if your employer deducted taxes based on the old tax regime, you can still shift to the new regime when filing your ...

There is no tax on income of Rs 12 lakh or less, and salaried taxpayers can get tax exemption of up to Rs 12.75 lakh because of a Rs 75,000 standard deduction.

Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they ...

The new tax regime provides lower tax rates and fewer deductions, eliminating the need for investment in tax-saving schemes ...