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Here is a list of investment and income tax changes that took effect on April 1, the first day of the 2025-26 financial year!
The tax rebate has been increased from ₹25,000 to ₹60,000, making income up to ₹12 lakh tax-free under the new regime.
Under the new regime, the basic exemption limit has been increased from ₹3 to ₹4 lakh. Further, the 30% tax rate will be applicable on income of ₹24 lakh and above.
The tax deducted at source (TDS) threshold for bank deposits has been increased from ₹40,000 to ₹50,000. For senior citizens, the threshold is ₹1 lakh.
For Unit-Linked Insurance Plans (ULIPs) exceeding the ₹2.5 lakh premium threshold will be considered capital gains and taxed accordingly.
Salaried individuals and taxpayers can claim additional deductions of ₹50,000 under the old tax regime by contributing to their kids' NPS Vatsalya account.
Taxpayers can now claim nil value on up to two properties irrespective of whether or not they are occupied.
A person can authorise their Digilocker nominees to access their mutual fund and demat account statements upon their demise.
SEBI’s Specialized Investment Funds (SIFs) regulation, which have a high entry threshold of ₹10 lakh per investor and offers multiple investment strategies, have come into effect.
If an investor shifts from an existing mutual fund (MF) scheme to an NFO, the MF distributor will get the lower commission of the two schemes.
Mutual fund asset management companies (AMCs) have to deploy funds raised through New Fund Offers (NFOs) within 30 business days from the date of allotment.
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