Income Tax Rates For Ay 2025 26 New Regime. Tax Slab For Ay 202526 202526 For Senior Citizens Jasper B For instance, the assessee having total income before deduction up to Rs 12 lakh will have higher tax liability under the old system if they have investments less than Rs The new slab rates for the Assessment Year 2026-27 are as follows: Total Income (Rs.) Rate of Tax; Up to 4,00,000: Nil:
Tax Slab for FY 202425 & AY 202526 (New & Old Regime Tax Rates from taxconcept.net
Residential Status Taxable income (Other than special rate income) Total tax as per existing rates (F.Y 2024-25) The Direct Tax Code will be presented in Parliament next week to introduce tax reforms
Tax Slab for FY 202425 & AY 202526 (New & Old Regime Tax Rates
4,00,001 - 8,00,000* Nil - after rebate under section 87A* 8,00,001. The Bill revises tax rates under the new tax regime slabs (Section 115BAC) of the IT Act while the old tax regime remains unchanged. The New Tax Regime 2025 includes various changes to simplify taxation and provide ease to taxpayers
Tax Rates For Ay 202525 For Companies Richard V Head. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) include a 0% tax for income up to ₹3,00,000, rising progressively to 30% for income above ₹15,00,000. Company opts for section 115BAB (not covered in sections 115BA and 115BAA) & is registered on or after October 1, 2019.
Tax Slab for AY 202526, Tax Slab for FY 202425 in New. For the Assessment Year (AY) 2025-26, the income tax slabs for individuals and Hindu Undivided Families (HUFs) have been revised as follows: Explore Income Tax Slabs for FY 2025-26 (AY 2026-27)