Back to Blog
Income Tax
Income Tax - Key Amendments for AY 2025-26
10 December 2024
Poojari & Associates
Important amendments in Income Tax Act applicable from AY 2025-26.
The Finance Act 2024 has introduced several amendments affecting taxpayers from AY 2025-26:
1. Standard Deduction: Enhanced standard deduction for salaried employees
2. New Tax Regime: Changes in tax slabs under new regime
3. TDS Provisions: New TDS sections and modified thresholds
4. Capital Gains: Rationalization of capital gains taxation
5. Presumptive Taxation: Changes in presumptive taxation limits
Taxpayers should plan their taxes considering these amendments.
This article is for general informational purposes only and should not be considered as professional advice. Please consult a qualified professional for specific guidance.