The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

A major change introduced in the Finance Bill 2025 is restructuring the New Income Tax regime to provide more take home to salaried employees and encourage them to spend or invest further. The change ...

Finance minister Nirmala Sitharaman introduced several tax reforms in the Budget 2025 intended to benefit middle-class taxpayers, including senior citizens.

1. The TDS threshold was doubled for senior citizens in the Budget and tax deduction limit on interest income to Rs 1 lakh from Rs 50,000. As per the Income Tax Department’s website ...

The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...

You can use Indian Express ’s income tax calculator to calculate your tax for financial year 2025-26. Select Financial Year: ...

For senior citizens who invest in fixed deposits, interest income earned by them beyond ... suddenly turned…’ Tax Calculator: Final verdict – New Tax Regime wins for all!