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Once income breaches the ₹12,75,500 threshold (accounting for the standard deduction amounting to ₹75,000), income above ₹4 lakhs will be taxed per the revised tax slabs. The tax slabs outlined hereunder will be applicable under the new tax regime for those with income above ₹12.75 lakh. The updated tax rates are as follows:
FY2021-22 was an uneventful year for the New Tax Regime as no new changes were announced except the relaxation of Income Tax filing for senior citizens over 75 years. [26] The government's tax policy for the near future was clearly outlined which indicated that all tax breaks will be gradually eliminated while maintaining a low tax rate.
The tax rate is 25 percent for domestic companies. For new companies incorporated after 1 October 2019 and beginning production before 31 March 2023, the tax rate is 15 percent. Both rates apply only if a company claims no exemptions or concessions. For foreign companies, the tax rate is 40 percent (50 percent on royalties and technical services).
Mortgage and refinance rates for Feb. 4, 2025: Average 30-year, 15-year fixed rates continue downward trend ... The unemployment rate fell to 4.1% from November's 4.2%. New labor data for January ...
5/1 adjustable rate mortgage. 6.26%. 10/1 adjustable rate mortgage ... 2025. The fixed rate for a 15-year mortgage is 6.09%, down 4 basis points from last week's average 6.05%. ... the new lender ...
With a new administration in the White House, President Trump has indicated that taxes and immigration are top priorities, ... 2025. The fixed rate for a 15-year mortgage is 6.27%, up 13 basis ...
The TDS rate for insurance commission, life insurance policy payments, rent payments, and commission or brokerage payments is proposed to be decreased from 5% to 2%. The TDS rate on payments made by e-commerce operators to e-commerce participants for the sale of goods or services is set to be reduced from 1% to 0.1%.
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.