Nadda Associates

15/08/2025

06/08/2025

INCOME TAX COMPLIANCE

7 August 2025
Due Date for deposit of TDS for the month of July 2025.
Applicable for : All dedicators and collector

Ongoing : ITR Filing for AY 2025-26
The last date to file ITR for individuals and HUFs (non -audit cases) has been extended to 15 September 2025.

04/08/2025

Income Tax Slab for FY 2025-26 (AY2026-27) Under the New Tax Regime

The income tax slab rate under the new tax regime for FY 2025-26 (AY 2026-27)

Income Tax Slabs Income Tax Rate
up to Rs. 4,00,000 Nil
Rs. 4,00,001 to Rs. 8,00,000 5%
Rs. 8,00,001 to Rs. 12,00,000 10%
Rs. 12,00,001 to Rs 16,00,000 15%
Rs. 16,00,001 to Rs. 20,00,000 20%
Rs. 20,00,001 to Rs. 24,00,000 25%
Above Rs. 24,00,000 30%

Rebate under section 87A is available for income tax up to Rs.12 Lakh, meaning taxpayers with total income not exceeding Rs.12 Lakh have zero tax liability. for salaried individuals, the tax liability will be zero for incomes up to 12,75,000, due to Rs. 75,000 standard deduction.