The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Budget 2025 saw major income tax changes with FM Nirmala Sitharaman announcing new income tax slabs and income tax rates for ...

The Union Budget has made significant adjustments, including raising the cap of Rebates under Section 87A and drastically ...

Ans. Earlier the limit of income for nil tax payment was Rs 7 lac. By increasing this limit to Rs 12 lakh around one crore assessees who were earlier required to pay tax varying from Rs 20,000 to Rs ...

You can use Indian Express ’s income tax calculator to calculate your tax for financial year 2025-26. Select Financial Year: ...

Under the provisions of section 87A of the Act, an assessee, being an individual resident in India, having total income not exceeding Rs 5 lakh, is provided a rebate of 100 per cent of the amount of ...