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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 ... Learn about Budget 2025 's revised income tax slabs under the new regime, rebate benefits, and implications for individuals and corporates. Compare old vs. new tax systems. To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union Budget 2025 -26 presentation, increasing the income tax exemption limit to Rs ... Tax slabs for FY 2025 -26 (AY 2026-27) - Check tax slabs under new and old regimes, tax savings due to relaxed slab rates, and tax saving options available under both the regimes.
