The government introduced a new tax regime of lower tax rates in Budget 2020, which continues in FY 2025-26. In Budget 2025, the government pushed for the adoption of the new tax regime of lower tax ...
It is recommended to use the income tax calculator that computes the tax under both the regimes (old and new) before you can choose the one that leads to a lower tax outgo ...
The revised tax framework introduces a higher tax exemption limit of Rs 12.75 lakh and a newly structured 25% tax slab, aligning with earlier expectations.
the tax rate is 20% and for those earning between Rs 20,00,000 and Rs 24,00,000, it is 20%. The 30% tax slab applies to those earning above Rs 24,00,000. The income tax calculator allows an individual ...