Have income tax slabs for FY 2025-26 in new, old tax regime changed in new Income Tax Bill?
The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many taxpayers are worried that the new tax bill has made any changes in the income tax slabs under old and new tax regimes.
Income Tax Slabs Explained: Simplifying Tax Calculations for You
India follows a progressive tax system, meaning your tax rate increases as your income rises. To simplify, income is divided into different slabs, each attracting a specific tax rate. Here’s how the income tax slab looks for individuals below 60 years of age for AY 2025-26:
Income Tax Slab For [FY 2025-26]
The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier to calculate and file taxes,
Income Tax news: Changes in new tax slab EXPLAINED, check details here
During the Union Budget 2025 speech, Finance Minister Nirmala Sitharaman announced that people earning up to Rs. 12 lakh will not have to pay any income tax. This is a big relief for taxpayers.
New Income Tax Bill 2025 LIVE Updates: Amendments, updates, tax slabs — what to expect from I-T Bill in LS tomorrow
From amendments and updates to the tax slabs — we explore what you can expect from the new income tax bill to be presented by Finance Minister Nirmala Sitharaman in Parliament tomorrow.
Income-Tax Bill, 2025 to be tabled in Parl: New tax slabs, reforms & more
The draft Income-Tax Bill, 2025 has been circulated among Members of Parliament and is expected to be tabled in Parliament on Thursday. The 622-page bill seeks to replace the six-decade-old Income Tax Act of 1961,
Income tax news: Big change in slab, check the new slab here
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts Cookies Policy. Income tax slab revised by FM Nirmala Sitharaman in Budget 2025, no tax on income up to 12 Lakhs.
Budget 2025: Key tax slab changes likely in new regime! Rs 5 lakh income to be exempt from tax?
The move, which is expected to be part of the Union Budget 2025-26, aims to provide greater relief to taxpayers in the middle-income bracket.
India to present new bill in Parliament to replace decades-old income tax law
India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of litigations.
When is new Income Tax Bill likely to come into effect?
Once the new income tax bill is passed by Parliament, many taxpayers and common citizens will wonder when it will come into effect. Will the government provide ample time for taxpayers, tax experts and other stakeholders to understand the new law and its impact on them?
New Income Tax Bill 2025: All FAQs on tax slabs, old vs new regime and more answered
Amid the new Income Tax Bill 2025, we answer some FAQs on tax slabs, old vs new regime, the new income tax rules, exemption limits and more.
New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...
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Income Tax: How will your salary be taxed under the new income tax law, taxpayers should know important updates..
The Government of India has introduced a new Income Tax Bill, which aims to simplify the tax on income. It is expected to ...
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Income Tax Slabs Budget 2025 Highlights: How much income tax will middle class taxpayers save? FM Sitharaman's big tax announcements decoded
Income Tax Slabs Budget 2025 Live: Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never before! Income tax slabs and income ...
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New income tax slabs released in Budget for FY 2025-26 | Check full details
New income tax slabs: Nirmala Sitharaman made a historic announcement that there will be no income tax payable for those with an income upto ₹12 lakh. New Income Tax Slabs: Union ...