Taxpayer Relief Act 2025

Taxpayer Relief Act 2025. It must be remembered that a belated itr comes. New tax law is believed to bring relief for individuals paying income tax as the slabs will be increased.

Under section 87a, a taxpayer with a total income of up to rs 5 lakh under the old regime and up to rs 7 lakh under the new regime was entitled to a tax rebate of rs 12,500. Taxpayers are taking a second look at the taxpayer cuts and jobs act of 2017.