This document outlines significant income tax changes coming into effect from 1st April 2025, primarily focusing on the New Tax Regime. It details revised tax slab rates, an increased rebate under Section 87A allowing for tax-free income up to Rs. 12 Lakhs, and updated surcharge rules. The guide also covers enhanced TDS and TCS thresholds for various transactions, changes to updated tax return filing deadlines, and the omission of certain sections to reduce compliance burdens. This information is crucial for individuals and businesses looking to understand their tax obligations for the upcoming financial year.
Changes in Income Tax from 1st April 2025 with TDS Chart FY 2025-26 #pptx