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Icon for www.msn.comMSN · Jul 30, 2024

Latest income tax slabs and rates in new, old tax regime for FY 2024-25 (AY 2025-26)

Budget 2024 has proposed changes in the income tax slabs under the new tax regime. The changes have been made at the lower level of the income tax slabs, and this will largely benefit the lower ...
Icon for timesofindia.indiatimes.comIndiatimes · Jul 23, 2024

Latest Income Tax Slab and Rates - FY 2023-24 | AY 2024-25

Top 5 factors every salaried taxpayer should consider before deciding Income tax slabs for FY 2024-25 (AY 2025-26), FY 2023-24 (AY 2024-25) under the new tax regime The income tax slabs in new tax ...
Icon for www.msn.comMSN · Feb 4, 2025

ITR 2024-25: Are the latest Budget 2025 tax slabs applicable for tax filing in AY 2025-06? Details here

The exemption limit has been raised, and tax slabs have been ... period will be filed in AY 2026-27 (2026). For tax filing in 2025, the rates announced in Budget 2024-25 will still be in effect.
The Financial Express · 12d

ITR Filing FY 2024-25: Old vs New Tax Regime – Which one saves you more?

Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they won’t have to pay any tax.
India Today on MSN.com · 4d

New Income tax regime: Why is it more beneficial for salaried employees

The new tax regime also offers a higher standard deduction. Last year, it was raised from Rs 50,000 to Rs 75,000 for salaried employees. In the old regime, the standard deduction remains at Rs 50,000.
Fortune India · 10d

ITR filing for AY 2025-26 set to begin: Here are the key changes taxpayers should watch out for

The Income Tax Department is expected to soon release the online ITR forms, which will officially open the e-filing process. Usually, the Central Board of Direct Taxes (CBDT) announces these forms in the early months of the financial year, and this year they are likely to be available by April.
Goodreturns · 4d

How Much Tax Will You Pay On Rs 15 Lakh Income In FY 2025-26? A Detailed Breakdown

Under the new income tax regime, taxpayers can now avail of a standard deduction of up to Rs 75,000, which makes an annual income of up to Rs 12.75 lakh tax-free. This deduction brings a significant relief for many taxpayers, as it reduces the taxable income further.
Icon for www.businesstoday.inBusiness Today · Mar 5, 2025

ITR filing 2025: Not Rs 12.75 lakh, this is the tax-free income for AY2025-26; check details

i.e. assessment year (AY) 2025-26, you will need to file your income tax return for the financial year 2024-25. The tax slabs in the New Tax Regime were altered by the Budget 2024, unveiled in ...
Goodreturns · 13d

Filing ITR For AY 2025-26? 10 Common Tax Mistakes To Avoid In 2025

To assist taxpayers prevent errors, the following factors are essential to keep in mind while submitting an Individual Tax Return (ITR) in FY25. When submitting the ITR for the Assessment year 2025–2026,
Tax Guru · 5d

Old Tax Regime vs. New Regime: Which to Choose for Financial Year 2025-26?

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget 2025 introduced changes in tax slab rates. The applicable tax slabs under the old regime are as follows: