Revised tax slabs under new tax regime
New Delhi (PTI): Following are the revised slabs and rates under new tax regime announced in the FY26 Budget:
Income up to Rs 4 lakh (per annum) ----- Nil
Between Rs 4 and 8 lakh ---------------- 5 per cent (tax)
Between Rs 8 and 12 lakh --------------- 10 per cent
Between Rs 12 and 16 lakh -------------- 15 per cent
Between Rs16 and 20 lakh --------------- 20 per cent
Between Rs 20 and 24 lakh -------------- 25 per cent
Above Rs 24 lakh ------------------------- 30 per cent
* Nil tax slab will apply for annual income up to Rs 12 lakh (Rs 12.75 lakh for salaried tax payers with standard deduction of Rs 75,000) under new tax regime.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Iran declares 40 days of public mourning after Khamenei’s killing: Reports
Tehran: Iran has reportedly declared 40 days of public mourning following the killing of the country’s Supreme Leader Ayatollah Ali Khamenei, Al Jazeera reported citing Iranian state media.
According to the report, Fars News Agency said the Iranian government has announced 40 days of nationwide mourning in the wake of Khamenei’s killing. The agency also reported that seven days of public holidays have been declared.
Further updates are awaited.
_vb_68.jpeg)
