New Income Tax Slab rate for Personal Income as presented by Finance minister today in budget 2025
Budget 2025 Updated Income Tax Slab Rates The income tax system is a form of direct taxation that operates on a progressive scale, meaning that as an individual’s income increases, the applicable tax rate also rises. The Income-tax Act of 1961 establishes two distinct tax frameworks: the traditional system, which provides taxpayers with various deductions […]