TDS Rate Chart for Financial Year 2025-26 S. No. Section Particulars TDS Rate Threshold limit 1 192 Salaries Applicable on both old and new regime (exclusive of education cess and surcharge) Old Tax Regime: Rs. 2,50,000 (individual other than senior citizen) Rs. 3,00,000 (Senior Citizens) Rs. 5,00,000 (Super Senior Citizens) New Tax Regime: Rs. 4,00,000 […]

Section 43(b)(h): Be careful before payment to your creditors for the month of March Section 43(b)(h) of Income Tax act,1961 which has already troubled and confused taxpayers last year is also there for the current tax session and this session too taxpayer needs to very careful. We hereby explaining repercussion of not following this section

Overview of the New Income Tax Bill 2025 Introduced by Finance Minister Nirmala Sitharaman, the bill comprises 622 pages, 536 sections, 23 chapters, and 16 schedules. It focuses on simplifying the existing Income Tax Act from 1961 without adding new taxes. Simplification of Language: The bill replaces complex terms with simpler alternatives, aiming to reduce

1. Long-Term Capital Gains (LTCG): Holding Period: More than 12 months. Capital Gains: Tax rate: 12.5% (after ₹1.25 lakh exemption). Capital Loss: Can be set off against LTCG for up to 8 years.   2. Short-Term Capital Gains (STCG) : Holding Period: Less than 12 months. Capital Gains: Tax rate: 20%, irrespective of the tax

                                      Union Budget 2025 Highlights. Budget Income Tax Updates – 2025.   Old Tax Regime:   No changes in Standard Deduction and Slab Rates.   New Tax Regime: New Tax Slab Rates   Income Range (₹) Tax Rate

                                                                                PERSONAL TAXES Points Income threshold for rebate under new tax regime enhanced from INR 700,000 to INR1,200,000 (excluding income taxable at special rates e.g. capital gains, etc.)   Deduction of INR 50,000 made available for contribution towards minor’s National Pension Scheme (Vatsalya) account under old tax regime. Partial withdrawal up to 25 per cent

Returns and Forms Applicable for Salaried Individuals for AY 2024-25   Disclaimer: The content on this page is only to give an overview and general guidance and is not exhaustive. For complete details and guidelines please refer Income Tax Act, Rules and Notifications.   1. ITR-1 (SAHAJ) – Applicable for Individual This return is applicable for a Resident

Tax Rates 1. In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person Individuals (Other than resident senior and super senior citizen) Net Income Range Rate of Income-tax Assessment Year 2025-26 Assessment Year 2024-25 Up to Rs. 2,50,000 – – Rs.