Which Income Tax Regime have you opted for in ITR?
1. Old Regime
2. New Regime
3. Don't Have Taxable Income
4. Prefer not to disclose
Update:
CBDT expects 95-97% of people to opt for the new tax regime in the coming days/years.
The current rate is 72-75%.
Reference:
1...
Hi Friends,
Below are the new income tax slab and applicable rate for FY 2025-26, as per the budget announcement by our Finance Minister dated Feb. 1, 2025.
I have also calculated taxpayers' net savings (based on reference income) for your quick reference based on the recent tax cut...