Comment "rebate". Rebate of Income-Tax under Income Tax Act 2025 | Section 156 In this reel, I have explained the complete concept of Rebate of Income-tax under the new Income Tax Act, 2025 (effective from 01.04.2026) — including the shift from Section 87A (ITA 1961) to Section 156 read with Section 155. 🔹 Who is eligible for rebate? 🔹 Old regime rebate under ₹5 lakh – ₹12,500 limit 🔹 New regime rebate under ₹12 lakh – ₹60,000 limit 🔹 Marginal relief concept explained clearly 🔹 Why ₹12 lakh
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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
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Episode 002 How Corporation Tax Is Calculated in the UK — Step by Step Explained This episode explains how Corporation Tax is calculated in practice. It covers chargeable accounting periods, accounting profit versus taxable total profits, tax adjustments, short and long periods, applying Corporation Tax rates, marginal relief, augmented profits, and financial year straddles. As at September 2025. Educational content only. Full episode on YouTube: https://youtu.be/4wYrsndjpSk What you’ll learn: •
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Explaining Marginal Relief with Examples| How to Calculate Marginal Relief in Income Tax @cadeveshthakur Marginal Relief and Surcharge Rates for FY 2023-2024 (AY 2024-2025) Marginal relief is a provision in the Indian income tax system that reduces the burden of surcharge on taxpayers whose income slightly exceeds the threshold limit for a higher surcharge rate. Surcharge rates are additional taxes levied on top of the income tax for those in the highest tax bracket. Here's a table summarizing t
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Tax reliefs – how to reduce your tax bill - Which?
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