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New Income Tax Slab replaces current Income Tax Act, from April 1, 2026. Check Latest Income Tax Slabs & Rates for FY 2025 -26, Compare the New & Old Tax Regimes. Click to ASK CHALLANS Income- tax Bill, 2025 New Income- tax Bill 2025 Navigator Utility to check section of Income- tax Act, 1961 (as amended by Finance (No. 2) Act, 2024) vis-a-vis corresponding Clause of Income- tax Bill, 2025 Press Release: Executive Summary on the Comprehensive Simplification of the Income- tax Act, 1961 income tax slab rates define how much tax the individuals should pay for different income groups. The income tax slabs relaxation is the biggest relief brought in the financial year 2025 -26, greatly reducing the tax liability for many. Other added benefits come from higher rebate limit and TDS threshold limits. Key Highlights Tax slab changes under the new regime for FY 2025 -26: Income up to Rs. 12 lakhs made zero- tax due to an increased rebate of Rs. 60,000. Basic exemption limit extended ... Understanding The Income Tax Act, 2025 The passage of the New Income Tax Act, 2025 is a landmark development towards building a streamlined, simplified tax framework aimed at enhancing transparency, equity, and economic efficiency. Enacted by Parliament after intensive deliberation, the legislation reflects the Government of India’s commitment to modernizing the tax architecture in alignment with global best practices and domestic aspirations. By simplifying tax slabs , rationalizing ...
