2025 Tax Brackets . An individual must choose the tax regime which lowers their income tax outgo. There are two tax regimes:
Among the key highlights are the revised tax slabs, increased deductions and exemptions for salaried employees and pensioners, and the abolition of the angel tax, each designed to foster economic growth, simplify the tax system, and support innovation. An individual must choose the tax regime which lowers their income tax outgo.
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2024 Federal Tax Brackets , India's income tax system is progressive, meaning tax rates increase with higher income levels.
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