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Your Money, New Rules: Finance Bill 2025-26 explained (Direct Tax)

Table of Contents Introduction Revised Tax Rates for AY 2026-27 (FY 2025-26)Individual & HUF Rebate under section 87A Corporate & Other Entity Tax on Foreign Companies Investment & Employment Boosters: Key Tax IncentivesIncentives for IFSC Presumptive Taxation for Non-resident companies in electronics manufacturing Extension of startup tax benefits Simplification & Rationalization MeasuresCharitable Trusts &…

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Section 194P: Deduction of Tax in Case of Specified Senior Citizens

Table of Contents Introduction Meaning of Certain TermsSpecified Senior Citizen Specified Bank Overview of section 194P of the Income Tax Act Benefits for senior citizens under section 194P Declaration in Form 12BBA. Summary FAQs Introduction Inserted by Finance Act,2021 in Income Tax Act, 1961, section 194P provisions w.e.f 1st April 2021 provide relaxations to specified…

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