Rates Of Income Tax For Ay 2025-25. Income tax rates for fy. The budget maintained the existing tax rates for both direct and indirect taxes. 12,500 or 100% of income tax amount, whichever is less under the old tax regime.
On 25 january 2025, the government announced proposed changes to individual income tax rates and thresholds from 1 july 2025. The new tax regime has the same tax rates for all categories of individuals, with no increased basic exemption limit benefit available for senior and super senior.
10% Of Income Tax If Total Income Is More Than Rs.50 Lakh 15% Of Income Tax If Total Income Is More Than Rs.1.
In salaried tax filing of return for f.y.
Study Notes South African Tax Guide Individual Tax Rates Individual Rebates Year Of Assessment Ending 28 February 2025:
The budget for the fiscal year 2025/25 is designed with a focus on three key policy pillars aimed at driving economic growth and stability.
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The New Tax Regime Has The Same Tax Rates For All Categories Of Individuals, With No Increased Basic Exemption Limit Benefit Available For Senior And Super Senior.
The total rebate under section 87a is rs.
Taxpayers With Income Up To Rs 7 Lakh Have No Tax Liability.
The 2025 financial year starts on 1 july 2025 and ends on 30 june 2025.