Section 115 BAC of the Income Tax Act as per Budget 2025

Pranab Banerjeepro badge , Last updated: 22 September 2025  
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The Government of India introduced Section 115 BAC of the Income Tax Act to simplify taxation for individuals and Hindu Undivided Families (HUFs). First implemented in FY 2020-21, the new tax regime officially became the default option from FY 2023-24. Unlike the old regime, this system offers lower

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Published by

Pranab Banerjee
(Software Maker & Income Tax Practisioner)
Category Income Tax   Report

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