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        Bills

        Clause 24 - Amendment of section 115BAC.

        Finance Bill, 2025
        Chapter III
        DIRECT TAXES
        Income-tax

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        New tax slab regime for eligible individuals and HUFs applies from the upcoming assessment year. Amendment prescribes a new tax slab regime for computing income-tax payable by specified persons-individuals, Hindu Undivided Families, Associations of Persons, Bodies of Individuals and artificial juridical persons-excluding those who have opted out under the relevant subsection; taxable total income is to be computed using graduated slab rates from nil at the lowest slab up to the highest marginal rate for amounts above the top slab, effective for previous years relevant to assessment years beginning on or after 1st April, 2026.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                New tax slab regime for eligible individuals and HUFs applies from the upcoming assessment year.

                                Amendment prescribes a new tax slab regime for computing income-tax payable by specified persons-individuals, Hindu Undivided Families, Associations of Persons, Bodies of Individuals and artificial juridical persons-excluding those who have opted out under the relevant subsection; taxable total income is to be computed using graduated slab rates from nil at the lowest slab up to the highest marginal rate for amounts above the top slab, effective for previous years relevant to assessment years beginning on or after 1st April, 2026.


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