Budget FY 2025-26 New Regime Tax Slab Rate, 01 February, 2025
FM announced that no income tax will be payable for annual income upto ₹12 lakh. Limit for tax deduction on interest income to be doubled to Rs 1 lakh for senior citizens.
income tax calculation
Income Tax FY-2024-25 New vs Old Regime Calculation Sheet here
Incomes ranging from ₹7 lakh to ₹50 lakh in FY 2024-25 (AY 2025-26), the Tax Calculation Sheet is designed to simplify the comparison between the new and old tax regimes, helping taxpayers easily assess their tax liabilities under both systems.