Income Tax New Rules: This Income Tax Rules will be changed from April 2025, it is necessary to know the salary people
There will be many changes in income tax rules from April 1 (Figure-Kanwa)
Income Tax New Rules 1 April 2025: The many new income tax rules introduced by the Finance Bill 2025 will apply to salary employees from April 1, 2025 in the new financial year 2025-26. Although you are already aware of many of these new rules, what changes will happen when you arrive in the new financial year, we help you to understand again.
Divide the tax exemption under Section 87A
Under Section 87A of the Income Tax Act, 1961, the new tax system will increase from Rs 25,000 to Rs 60,000. These increased exemption applies to taxable income up to Rs 12 lakh, except for income from capital gains. Increased exemption will be up to Rs. This limit will be Rs.12.75 lakh due to the exemption of Rs.75,000 in the new system for salary staff. However, there will be no change in the tax exemption under the old tax regime.
Line layers and rates
Under the new tax regime, from April 1, tax layers and rates will change. The original exemption range will increase from Rs 3 lakh to Rs 4 lakh. Also, the highest tax rate applies to more than Rs 24 lakh. However, there is no change in layers and rates under the new tax regime.
New DTS Seema
For various transactions, the minimum amount of DTS or DCs will increase. The most important change in the DDS range of salary staff bank deposits. This will increase from Rs 40,000 to Rs 50,000.
Changes in the definition of Anulabin
Since April 1, employees will not be considered facilities and privileges from their employers. In addition, the cost of traveling outside India in the medical treatment of such an employee or his family is not considered a paragraph.
Ulip Line
If you are investing in the Uril, you would like to know a new rule about their taxation. According to the Budget 2025, Rs. Recovery income from the ULIP, which violates the 2.5 lakh premium limit, will be classified as capital gains. They will be taxed under Section 112A of the Income Tax Act.
Tax saving in NPS VATSALYA
In the new financial year, salary workers and other taxpayers can contribute to their children’s NPS Watsalia account and can claim an additional exemption of Rs 50,000 under the old tax system.
Apart from the above, there are many changes you want to know. For example, you can recognize your Digilacker candidate to achieve your stock and mutual financial report. Some credit cards also change their benefits from the new financial year. Government employees will receive the option of choosing a definitive pension scheme under the NPS.
Country and the world’s latest news (There is no message) Read more in Hindi, all the big messages Times now Navbarath Live TV But. Trade (Business messages) Updates and elections (Elections) The Times is now related to the latest news.
