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Even for 2024-25, the revised estimate of gross income tax revenues at Rs 12.57 lakh crore is higher than the budgeted Rs 11.87 lakh crore. No change for income tax rate for the Assessment year 2025-26 corresponding to financial year 2024-25 both under old regime and new regime for all the taxpayers
Budget 2025 Important Points, highlights, explained Tax Slabs & Rates for 202526 Here are the latest slabs and rates of income tax under the new tax regime for the financial year 2025. 2) Act, 2024) vis-a-vis corresponding Clause of Income-tax Bill, 2025!New Press Release: Executive Summary on the Comprehensive Simplification of the Income-tax Act, 1961 !New However, the new tax regime offers limited deductions to taxpayers
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