The new tax rates and slabs will come into effect from financial year 2025-26 (Assessment year 2026-27). Budget 2025 also did not make any changes to the old tax regime.

*Note- No deduction available except mentioned below. Standard Deduction U/s 16(ia) upto Rs.75,000/-Family Pension U/s 57(iia) upto Rs.25,000/-Deposited in the Agniveer Corpus Fund u/s 80CCH(2) Rebate ...

The initiative aims to restructure the GST slabs for better outcomes and resolve complexities that create compliance challenges, possibly through a simplified three-rate structure. GST reforms ...