Comment "ITR"| Income Tax Slab FY 2025-26 (AY 2026-27) – Complete Breakdown | Finance Bill 2025 Updates Confused between Old Regime vs New Regime (Section 115BAC)? Before filing your ITR for FY 2025-26, understand the latest tax slab structure, rebate rules, surcharge impact, and marginal relief provisions. 🔹 Old Regime (Below 60 Years) Basic exemption ₹2.5L Slabs up to 30% Senior Citizen (60–80) → ₹3L exemption Super Senior (80 ) → ₹5L exemption 🔹 New Regime (Default – 115BAC(1A)) Revised sla

Income Tax Return Filing 2023-24: The last date for filing the Income Tax Return or ITR for FY 2022-23 was July 31, 2023. Have you missed out on filing your ITR or do you want to file a revised tax return? What is the penalty for filing a late or belated Income Tax Return and what is the interest payout in case of a tax liability? In this week’s episode of TOI Wallet Talks, Parizad Sirwalla, Partner & Head, Global Mobility Services, Tax, KPMG in India discusses all these scenarios in detail and