What is Tax Rebate & How Does it Work? | New Income Tax Calculation 2025-26 | New Tax Rules 2025
Автор: CA. Vidur Bindal (CA Talkies!)
Загружено: 2025-04-01
Просмотров: 48193
In this video, we have explained the concept of tax rebate in detail to help our viewers understand how it actually works while computing taxes. This concept is applicable under the new tax regime applicable for tax year 2025-26.
The example considered in the video encompasses incomes from all five head of income namely; income u/s Salaries, House Property, Business Income, Long Term Capital Gains, Short Term Capital Gains and income from other sources to explain the applicability of the tax rebate.
Certain technical terms have been simplified in the video for ease of understanding. The actual terms may vary.
In a major relief given to resident individuals for tax year 2025-26, the tax rebate has been increased from Rs. 7 lakhs to Rs. 12 lakhs for all incomes excluding special rate incomes such as capital gains. There is no change in cess and surcharge rates.
Further, the tax slabs under new tax regime for TY 2025-26 have been amended as follows:
Income upto 4 lakhs @ 0%
4 lakhs to 8 lakhs @ 5%
8 lakhs to 12 lakhs @ 10%
12 lakhs to 16 lakhs @ 15%
16 lakhs to 20 lakhs @ 20%
20 lakhs to 24 lakhs @ 25%
Above 24 lakhs @ 30%
Narrated by: CA. Vidur Krishna Bindal, FCA
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