New Income Tax Slabs FY 2025-26: From April 1, 2025, individuals selecting the new income tax regime for FY 2025-26 will not pay any tax on taxable income up to Rs 12 lakh. However, your net taxable ...

In less than a week from now, on April 1, 2025, the new financial year will begin. With the start of the new financial year, many income tax changes will take effect; it will bring new income tax ...

Explains how the new Act replaces the 1961 law, simplifies drafting, introduces the “Tax Year” concept, and aims to reduce litigation and compliance ...

Budget 2026 introduces significant perquisite rule changes, lowering taxable housing valuations and increasing tax-free ...

New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may ...

Explains how Section 3 defines the earning year and the taxation year under the Income-tax Act. Clarifies why income earned in one year is taxed in the ...

The Income Tax Department has released the Draft Income Tax Rules 2026, which once approved will be applicable for FY 2026-27. For salaried and middle class income taxpayers, several changes have been ...