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TDS - Tax Deducted at Source (Taxation: Income Tax / TDS / Deferred Tax)
From FY 2023-24, which tax regime is default for individuals/HUFs?
New Tax Regime under Section 115BAC; opt-out required for Old Regime.
Which Chapter VIA deductions are permitted under New Tax Regime Section 115BAC?
NPS employer contribution 80CCD(2), Agniveer Corpus 80CCH, family pension standard deduction only.
What is Section 87A rebate amount under New Tax Regime for FY 2025-26?
₹60,000; makes income up to ₹12,00,000 tax-free for residents.
What is break-even gross salary for zero tax under New Regime with Standard Deduction?
₹12,75,000 (including ₹75,000 Standard Deduction for salaried/pensioners).
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