The Government of Canada sets the federal income tax rates for individuals. Each province and territory determines their own income tax rates. Provincial or territorial income tax rates apply in ...

the new tax regime features slabs where income up to ₹3 lakh is tax-free, while earnings between ₹3 lakh and ₹7 lakh are taxed at 5%. The rates continue to increase, reaching 30% for income ...

From income tax to capital gains tax, Goods and Services Tax (GST), and Securities Transaction Tax (STT), each tax plays a role in shaping the financial landscape for individuals and businesses.

Key highlights include tax-free income up to ₹4,00,000, and progressive tax rates ranging from 5% to 30% for higher income brackets. Notably, the rebate limit for resident individuals has increased ...

The new income tax regime provides for concessional tax rates and liberal slabs. However, no deductions are allowed in the new regime (other than those specified for, e.g., 80JJAA, 80M ...

Revised Income Tax Slabs and Rates Explained: In her Union Budget 2025 speech, Finance Minister Nirmala Sitharaman introduced a revised tax structure aimed at reducing the burden on taxpayers.

Finance Minister Nirmala Sitharaman overhauled income tax rates and slabs in Budget 2025-26 to bring relief to the salaried middle class. Here's how much you will be saving now if you are in the new ...

Previously, under the new tax regime, an individual earning ₹12 lakh was required to pay ₹80,000 in income tax. With the latest changes, this tax liability has been reduced to NIL. 6. How much extra ...

Latest Income Tax Slabs, Rates In Budget 2025: Union Finance Minister Nirmala Sitharaman announced massive income tax relaxations in the first full budget as expected by the people. The Central ...