The new Income Tax Act, 2025, takes effect from April 1, 2026, maintaining current tax slab rates. Highest tax rate remains ...
How should taxpayers determine whether they fall into the “new regime wins” category or the “old regime wins” category? For FY 2025-26 (AY 2026-27), the simplest way to classify taxpayers is based on ...
No changes have been announced by the finance minister Nirmala Sitharaman in the income tax slab rates in interim Budget 2024 ...
The Income Tax Calculator is an easy-to-use online tool that helps you calculate your tax liabilities based on your income ...
Income-tax returns: The I-T department has released excel utility of its ITR-1 (Sahaj), ITR-2, ITR-3, and ITR-4 (Sugam) forms ...
Section 50AA taxes specified debt mutual fund units acquired on or after 1 April 2023 at slab rates, regardless of holding period, without ...
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ITR filing AY 2026-27: Complete guide to income tax slabs for senior and super senior citizens
Under the Income Tax Act, a senior citizen is defined as a resident individual aged 60 years or older, but less than 80 years during the previous year. A super senior citizen is a resident who is 80 ...
Explains how Section 87A rebate and marginal relief operate above Rs. 12 lakh under the new tax regime for FY 2025-26, with calculation ...
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