LatestAccounting And Audit 26 July 2026
Income Tax Slabs Updated
The income tax slabs for FY 2025-26 and FY 2026-27 have been announced, with the old regime having a basic exemption limit of ₹2.5 lakhs and a maximum tax rate of 30%, while the new regime rates are also available, tax audit due date, criteria, audit report, and penalty have been detailed
The income tax slabs for FY 2025-26 and FY 2026-27 have been announced.
The old regime has a basic exemption limit of ₹2.5 lakhs, with a maximum tax rate of 30%.
- The new regime rates are also available,
- Tax audit due date, criteria, audit report, and penalty have been detailed,
the new tax slabs apply to both the old and new tax regimes,
with the old regime having a higher exemption limit and the new regime having lower tax rates.
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