According to the Union Budget for 2025-26, presented by Finance Minister Nirmala Sitharaman, starting from financial year 2026-27, there will be no income tax under the new regime on annual incomes of ...

The Income Tax Department has opened ITR filing for AY 2026-27, with eligible resident taxpayers able to claim the Section ...

Income-tax returns: NRIs are subject to income-tax in India depending on their residential status. Here's a look at the applicable tax slabs, surcharge rate, rebate, and marginal relief that they can ...

Did our AI summary help? A small salary increase can sometimes cause confusion about income tax liability under the new tax regime. This is especially apparent when income exceeds the Rs 12 lakh ...

Rebate is a form of tax relief given to resident individuals whose income falls in the lower tax brackets. It helps reduce the final tax payable when income is taxed at the ten per cent slab. Under ...