A guaranteed income plan can thus be viewed as a good financial plan that puts a guarantee on a stream of income. It is one of the favourite plans of those who want to receive a stable income for a long time. Key reasons that qualify individuals for these plans include retirement planning, major life milestones or a regular income during volatile economies. Investment options are manifold, and that is why, selecting the right guaranteed income plan in India remains a challenging task.
This blog section will help you to understand what key factors you need to consider while searching for the right plan for yourself.
What is a Guaranteed Income Plan?
Guaranteed income plan is an investment program that provides income payments in addition to life insurance. These plans provide a certain kind of assured return in a way furthering the financial security devoid of market affiliated risks of market-linked products.
Looking up for the best guaranteed income plan in India one will find a blend of life coverage, risk-free returns, tax exemptions and Flexibility which is worth being used as an effective financial tool.
Key Factors to Consider
Evaluate Your Financial Objectives
Before selecting a plan, determine what you want from it:
Do you intend to have a regular postretirement income?
Do you need money for your child’s education or marriage?
Do you need steady inflow during working years?
Knowing your needs will enable you to select a plan that fits your needs.
Guaranteed Payouts and Flexibility
Assess the payout design of the plan. The best-guaranteed income plan in India will provide you with flexible payout options that work for you:
Regular Income: Suitable for retirement or monthly needs.
Lump-Sum Payment: Suitable for major financial goals.
Combination Plans: Some plans provide a combination of regular income and a lump-sum payout, which offers more flexibility.
Life Insurance Coverage
One of the primary advantages of guaranteed income plans is life insurance coverage. Ensure the plan will offer adequate protection for your family in the case of an untimely death.
This combined benefit of income and protection makes these plans a comprehensive financial tool.
Terms and Premium
Select the terms of the policy that would cover your timeframes. For example:
Short periods may suit specific short-term purposes.
Long durations are good to use when a retirement or longevity income stream.
Check, also for the premium, how it fits on your pocketbook while being given the advantages for you to buy.
Tax Advantages
The best-guaranteed income plan in India will provide tax benefits under Sections 80C and 10(10D) of the Income Tax Act. These deductions help reduce your tax liability and increase the return on investment.
Reputation and Solvency of the Insurer
Choose a plan from a good reputed insurer with high solvency margins. High claim settlement ratios and solvency margins give the impression that they are reliable and can pay up their commitments.
Why a Guaranteed Income Plan?
A guaranteed income plan ensures:
Fixed payouts for stability
Life coverage for the family
Risk-free investment with predictable returns
By selecting the right plan, you can successfully work towards your financial goals while keeping your mind at peace.
UPI (Unified Payments Interface) has revolutionized digital payments in India, making transactions seamless and instant. As an SBI (State Bank of India) customer, you may have faced problems with transaction limits when utilizing UPI. Regardless of whether you own a business, shop often, or are merely involved in high-value transactions, grasping and enhancing your SBI UPI limit is essential. Let’s delve into the specifics and examine ways to increase your UPI transaction limits.
Understanding SBI UPI Limits
Before we discuss increasing your UPI transaction limit, it’s essential to understand the restrictions SBI imposes on UPI transactions.
This SBI UPI limit helps you handle your finances more wisely and prevent unnecessary spending each day. Since mid-2023, the State Bank of India has implemented this new regulation for UPI transactions. The bank additionally limits its customers to a maximum of 10 transactions each day. SBI customers are required to follow this transaction limit formaking payments on all UPI applications.
Understanding the SBI UPI transaction limits for 2025 guarantees that you can maximize your digital banking experience without encountering unforeseen challenges. By comprehending the daily and monthly transaction caps, along with knowing any relevant fees, you can organize your transactions efficiently. For any changes or questions about your UPI limits, SBI provides easy online and offline options to assist you in managing your banking requirements effortlessly. Keeping updated on these guidelines will assist you in ensuring seamless and effective digital transactions.
What Is the Default SBI UPI Limit?
SBI has set a default limit for UPI transactions to ensure security and prevent fraud. Here’s what you need to know:
Per Transaction Limit: ₹1,00,000
Daily Transaction Limit: ₹1,00,000
Newly Registered UPI Users: ₹5,000 per transaction for the first 24 hours
It is crucial to recognize that these limits may vary at the bank’s discretion. Consequently, customers must remain informed about the rules and regulations established by SBI to keep aligned with the SBI UPI limit.
Why Does SBI Impose UPI Limits?
SBI enforces transaction limits to:
Reduce the risk of fraud and unauthorized transactions.
Ensure banking system stability.
Prevent misuse of UPI services.
The highest SBI UPI transaction limit is Rs.1,00,000. You can customize this limit to fit your financial strategy using the SBI YONO app.
How To Check Increase SBI UPI Transaction Limit?
If you’re unsure about your current UPI transaction limit, follow these simple steps:
Using SBI YONO App
Download the SBI YONO app from the Google Play Store or Apple Store. Complete your first-time registration for SBI YONO App.
Login at SBI YONO using MPIN.
From the Left side menu item select “YONO Pay”. Click on View All, You will be taken to the “YONO Pay screen”, where you can find “Manage Transaction Limit”.
On clicking “Manage Transaction Limit”, the App will ask for an Internet banking profile password.
Enter your Internet banking profile password. Now you can set the transaction limit.
Enter the amount you want to keep as a transaction limit. Click on the confirm button given below.
OTP will be generated and sent to your registered mobile number. Once you enter the correct OTP and press the submit button, your transaction limit will be changed to a new transaction limit.
You will be able to see the message ” Your third-party transaction limit has been successfully set.
The limit set by you will be your revised overall third-party transaction limit. Please ensure sufficient limits in case you have scheduled transactions / standing instructions in your accounts.
How To Increase SBI Per Day Transaction Limit Using SBI Net Banking
Visit the State Bank of India Website and sign in using your SBI Net Banking Username and Password. OTP will be generated and sent to the registered mobile number for second-level authentication. Enter the OTP.
From the Left side menu Go to Profile >> Define Limit Option.
You will be prompted for a Profile Password. Enter your Profile Password and press the submit button.
On the Next page, you will be able to see various transaction limits such as – Demand Draft Limit, Tax Transaction Limit, andMerchant Limit for special category merchants.
Below you will find the option to change your daily and per transaction limit for General Category Merchants. It would be something like – Click Here to set up per day/per transaction limit for General Category Merchants.
Enter the amount for your transaction limit and press the submit button.
Press the approve button. The system will generate OTP. Enter the one-time password sent to your mobile number and press the confirm button to change your transaction limit.
If you’re facing issues increasing your limit, you can:
Call SBI Customer Care at 1800 1234.
Visit your home branch and request a UPI limit enhancement.
Drop an email to SBI support with a request to increase your UPI limit.
If you’re a new UPI user, SBI restricts your limit to ₹5,000 per transaction for the first 24 hours. After this period, your limit will be automatically raised.
Common Reasons for UPI Limit Issues
Even if you try increasing your UPI limit, you may still face limitations. Here are some common reasons:
1. New Account or New UPI Registration
If you’ve recently created an SBI account or just activated UPI, you’ll have to wait 24 hours before increasing the limit.
2. Exceeding Daily Transaction Limit
SBI has a hard cap of ₹1,00,000 per day for UPI transactions. If you hit this limit, you’ll need to wait until the next day.
3. Technical Issues
Sometimes, server outages or app glitches can prevent limit modifications. Try again after some time.
4. Inactive Account
If your bank account hasn’t been active for a long time, SBI may impose lower transaction limits for security reasons.
Tips to Avoid UPI Transaction Failures
If you frequently face UPI transaction failures, here are some handy tips:
1. Ensure Sufficient Balance
Insufficient funds can cause transactions to fail. Always check your balance before making payments.
2. Update Your UPI App
Using outdated versions of Google Pay, PhonePe, or SBI YONO might cause issues. Update regularly.
3. Use a Stable Internet Connection
Poor network connectivity can interrupt UPI transactions. Use Wi-Fi or a stable 4G/5G network.
4. Verify Payee Details
Entering the wrong UPI ID or mobile number can lead to failed transactions. Double-check before sending money.
5. Try Alternative UPI Apps
If one app (e.g., Google Pay) isn’t working, try another (e.g., PhonePe, Paytm, or SBI Pay).
Final Thoughts
SBI UPI limits are in place to ensure security, but they can sometimes feel restrictive. Luckily, increasing your limit is a straightforward process using SBI YONO, net banking, or customer support. By following the steps outlined above, you can seamlessly enhance your transaction limits and enjoy hassle-free digital payments. If you face any issues, SBI’s customer support is always there to assist you!
FAQs
1. What is the maximum UPI transaction limit in SBI?
SBI allows a maximum of ₹1,00,000 per transaction and per day for UPI transactions.
2. How long does it take to increase my SBI UPI limit?
If done via YONO or net banking, the change is instant. Otherwise, customer service requests may take 24-48 hours.
3. Why is my SBI UPI limit restricted to ₹5,000?
New UPI users have a default limit of ₹5,000 for the first 24 hours, after which it increases automatically.
4. Can I increase my SBI UPI limit beyond ₹1,00,000?
No, RBI regulations cap the maximum UPI transaction limit at ₹1,00,000.
5. What should I do if my UPI limit increase request fails?
Ensure your account is active, try a different method, or contact SBI customer support for assistance.
Download New Income Tax Calculator FY 2025-26 (AY 2026-27) in Excel Format. In the constantly changing realm of taxation, being aware of the newest income tax brackets and effectively handling your investments can greatly influence your financial health. With the new financial year rolling in, it’s time to get ahead and understand how to calculate your taxes in the most efficient way. Luckily, there’s a simple tool at your disposal: an Income Tax Calculator in Excel for FY 2025-26. This tool not only makes tax calculations easier but also ensures that you’re not leaving any money on the table. Our Income Tax calculator is for the financial year 2025-26 (Assessment Year 2026-27). This Excel-based Income Tax Calculator is easily downloadable. You can use it offline in Microsoft Excel. This tool acts as your companion in making informed financial decisions.
Income Tax Calculator FY 2025-26 (AY 2026-27)
In Budget 2025 major changes have been made in the New Tax Regime. A new Tax Slab is introduced and the tax structure is revised. Our new income tax calculator incorporates all changes.
This calculator will work for both old and new tax slab rates which were released and updated in the Budget 2025. You can calculate your tax liability and decide on tax-efficient investment options and the suitable tax regime for FY 2025-26.
The calculator is created using Microsoft Excel. Simple Excel-based formulas and functions are used in creating this calculator. Before downloading excel Excel-based income tax calculator let’s get acquainted with the Latest Income Tax Slab for FY 2025-26.
The New Tax Slab FY 2025-26 is given below – New Tax Regime
Income range (₹)
Tax rate
0 – 4 lakh
Nil
4 – 8 lakh
5%
8 – 12 lakh
10%
12 – 16 lakh
15%
16 – 20 lakh
20%
20 – 24 lakh
25%
Above 24 lakh
30%
The old Tax Regime also continued. This means if you want to invest in 80C and save tax you can still use the old tax regime.
The new tax regime announced is more tax efficient and less complicated as you need not exempt any income and remember any complicated tax exemptions such as 80C, 80CCD, 80D, 80DD, etc.
So, still, the taxpayer has two options –
Option 1 – Income Tax Slab – Old Tax Regime
The first tax slab is with a higher tax rate. In case an individual salaried or HUF wants to claim exemptions under 80C, 80CCC, 80CCD, 80D, 80DD, 80DDB, etc. the tax rate with a higher rate is applicable. The tax slab in case exemption is claimed is given below.
Individuals below 60 years, HUFs, BOIS, and AoPs –
Up to Rs. 2.5 lakh: Nil
Rs. 2.5 lakh to Rs. 5 lakh: upto 5% tax
Rs. 5 lakh to Rs. 10 lakh: 20% tax
Above Rs. 10 lakh: 30% tax
Senior Citizens (60-80 years) –
Up to Rs. 3 lakh: Nil
Rs. 3 lakh to Rs. 5 lakh: up to 5% tax
Rs. 5 lakh to Rs. 10 lakh: 20% tax
Above Rs. 10 lakh: 30% tax
Super Senior Citizens (80+ years) –
Up to Rs. 5 lakh: Nil
Rs. 5 lakh to Rs. 10 lakh: 20% tax
Above Rs. 10 lakh: 30% tax
Option 2 – Income Tax Slab – New Tax Regime
The second tax bracket features a reduced tax rate. If the taxpayer chooses not to claim any exemptions, a new simplified tax system applies.
Under the new tax regime, the tax exemption limit has been increased to Rs 12 lakh. This means that if your income is up to 12 lakhs and you opt for the new tax regime, you will not have to pay any taxes.
The limit is still Rs 5 lakh under the old tax regime for the financial year 2025-26.
The tax slab rates have been updated in the new tax regime.
A standard deduction of Rs 75,000 will now be available in the new tax regime for the financial year 2025-26, due to which no income tax will be payable on income up to Rs 12.75 lakh in the new tax regime.
In the new tax regime, you will not get any deduction other than the standard deduction. All other deductions are still available under the old tax regime and the new regime will be the default regime from FY 2025-26.
The new streamlined tax system featuring a reduced tax rate is outlined below.
Income range (₹)
Tax rate
0 – 4 lakh
Nil
4 – 8 lakh
5%
8 – 12 lakh
10%
12 – 16 lakh
15%
16 – 20 lakh
20%
20 – 24 lakh
25%
Above 24 lakh
30%
The taxpayer is not allowed to claim any exemption under 80C, 80CCC, 80CCD, 80D, 80DD, 80DDB, 80E, 80EE, 80EEA, 80EEB, 80G, 80GG, 80GGA, 80GGC.
However, there are certain deductions you can still claim using the new tax regime and they are as below.
Retirement benefits, gratuity etc.
Commutation of pension
Leave encashment on retirement
Retrenchment compensation
VRS benefits
EPFO: Employer contribution
NPS withdrawal benefits
Education scholarships
Salaried can select any tax slab. They can switch between old and new tax regimes. The option of switching between tax slabs is not allowed if an individual or HUF has business income.
What Is an Income Tax Calculator?
To put it simply, an income tax calculator helps individuals and businesses determine how much tax they need to pay based on their income. With so many slabs, deductions, exemptions, and changes in each financial year, calculating income tax can get a little tricky.
For the FY 2025-26, the income tax slabs, exemptions, and deductions may see some updates. An Excel-based income tax calculator streamlines this process by allowing you to input your income and other relevant details, and then automatically calculating your tax liabilities.
Why Use an Excel Income Tax Calculator?
Before we dive into the specifics of the FY 2025-26 tax slabs and how to use Excel, let’s quickly cover why you might want to use Excel over other tools like online calculators or manual calculations.
Accuracy: Excel formulas are error-free, so once you input your data correctly, there’s no room for miscalculation.
Customization: You can personalize the calculator based on your specific needs, including adding any income sources, deductions, or exemptions.
Save Time: You don’t have to calculate manually or keep switching between web pages. Excel does all the heavy lifting for you.
Record Keeping: With Excel, you can easily track your taxes year after year and make adjustments for future planning.
Download Income Tax Calculator FY 2025-26 (AY 2026-27)
Download the latest income tax calculator FY 2025-26 (AY 2026-27) from the link given below and calculate your income tax liability easily.
It is not a comprehensive calculator, it is designed to give you a quick idea about your income tax liabilities so that, you can start tax planning. It also helps you to select an appropriate tax slab.
Key Features of this Income Tax Calculator are given below
This calculator is a two-in-one calculator. You can make use of this calculator for calculating tax liabilities as per old as well as new tax slabs.
You can compare your tax and decide which tax slab to opt for.
The calculator can help you compare your tax deductions and by entering the investment amount over and over again, you can decide how much you would pay less income tax than if you chose the old tax regime.
It is an Excel-based calculator. You can download and use it forever.
This calculator is for people with a single home.
You will not be able to calculate long-term capital gain tax from this calculator.
How to use the Income Tax Calculator?
Download Income Tax Calculator FY 2025-26 Excel on your device, and provide income as gross income for FY 2025-26.
Provide investment including standard deduction, section 80C investment, section 80CCD(1B) investment, and other tax saving options for which you are eligible. The total amount of investment has to be entered. A standard deduction of Rs 50,000 is applicable for employees.
Enter the amount of TDS already deducted from your salary in the financial year After providing all these parameters, the income tax will be calculated based on the old and new tax regime.
Conclusion
In conclusion, an Income Tax Calculator in Excel for FY 2025-26 can save you time, reduce errors, and give you a clearer picture of your finances. The process of setting it up is simple, and the benefits are immense. With a little upfront effort, you can easily handle tax season with confidence and peace of mind.
By keeping track of your income, deductions, and exemptions accurately, you’ll ensure that you only pay what’s necessary – no more, no less. Excel isn’t just for spreadsheets; it’s also your personal assistant when it comes to tax season!
I hope this Income Tax calculator for FY 2025-26 will be useful to you.
Do share this calculator and Tax structure with your friends on Facebook & Twitter.
If you have any suggestions share them at info@moneyexcel.com. It will help me to add new features and improve this calculator.
Income Tax Rates, 2025-26 Update: New tax brackets under the revised system revealed! Finance Minister Nirmala Sitharaman states that earnings up to ₹12 lakh will be entirely tax-exempt if a person does not have income from specialized interest assets. She also declared tax relief for elderly citizens and simplification of TDS. Remain with us for swift updates and insights.
As anticipated, the Finance Minister revealed that there would be no alterations to the old regime. The newly introduced slab and rates for taxpayers in the updated regime are expected to render the old regime unnecessary for numerous taxpayers. According to the Income-tax Department’s data, more than 70% of taxpayers have transitioned to the new regime.
The finance minister stated that for taxpayers earning up to ₹12 lakh, excluding special rate interests like capital gains, a tax rebate is available, alongside a restructure of slab rates, ensuring that individuals will not have to pay any tax on income up to ₹12 lakh.
The FM states that the new tax slab and rates in the new regime will render income up to ₹12 lakh tax-free, provided the individual has no special interest income.
Income Tax Slab FY 2025-26 – New Regime
Income Tax Slabs for FY 2025-26 is given below.
Income range (₹)
Tax rate
0 – 4 lakh
Nil
4 – 8 lakh
5%
8 – 12 lakh
10%
12 – 16 lakh
15%
16 – 20 lakh
20%
20 – 24 lakh
25%
Above 24 lakh
30%
Income Tax Slabs FY 2025-26 – Old Tax Regime
The income tax slabs for FY 2025-26 under the old income tax regime continue to be the same –
Annual earnings up to ₹ 2,50,000 are exempt from taxation
5% tax applies on earnings between ₹ 2,50,001 and ₹ 5,00,000
20% tax rate for income range of ₹ 5,00,001 to ₹ 10,00,000
Earnings exceeding ₹ 10,00,000 are taxed at 30%
Income Tax Slab FY 2025-26 – Calculation and Benefit Analysis
A taxpayer under the new system earning Rs 12 lakh will receive a tax advantage of Rs 80,000 (equal to 100% of the tax owed under the current rates). An individual earning Rs 18 lakh will receive a tax benefit of Rs 70,000 (30% of the tax owed based on current rates). An individual earning Rs 25 lakh receives a benefit of Rs 1,10,000 (25% of the tax owed according to current rates).
Taxpayers have received significant relief in Nirmala Sitharaman’s budget. Currently, if working individuals choose the new tax system, they will be exempt from paying tax on their yearly income up to ₹12.75 lakh. This is the way you will receive this advantage.
The government will eliminate tax in the second and third brackets under 87A. In addition to this, a standard deduction of ₹75 thousand will be accessible. Thus, the overall earnings of working individuals will remain tax-exempt up to ₹12.75 lakh.
Remember that this assistance is exclusively for employees with salaries. In the event of income from any alternative source, the tax exemption threshold will be merely ₹12 lakh. In addition to this, all taxpayers can now submit IT returns for the past 4 years simultaneously. Previously, this limit was set at 2 years, whereas for senior citizens, the TDS threshold has been raised from ₹50 thousand to ₹1 lakh.
Income Tax Saving on ₹16 lakh income
With the proposed changes, you can save up to ₹50,000 compared to previous slab/rates. Total tax after the rebate announced in Budget 2025 will be ₹1.2 lakh. Previously, this was ₹1.7 lakh.
Income Tax Saving on ₹20 lakh income
You can save as much as ₹90,000 relative to the earlier slab/rates. The overall tax following the rebate revealed in Budget 2025 will amount to ₹2 lakh. Earlier, it was ₹2.9 lakh.
Income Tax Saving on ₹24 lakh income
You can save as much as ₹1.1 lakh. The overall tax following the suggested rebate in Budget 2025 will amount to ₹3 lakh. Earlier, the net tax due was around ₹4,02,999.
Income Tax Saving on ₹50 lakh income
You can save as much as ₹1.1 lakh. The overall tax following the rebate declared in Budget 2025 will be ₹10.8 lakh. The tax liability before was ₹11.9 lakh under the new tax regime.
Income Tax Applicable on Different Income Levels – FY 2025-26
Tax on ₹15 lakh income
The total tax payable on an income of ₹15 lakh according to the updated tax brackets of the new tax system in Budget 2025 is ₹1,05,000, not including health and education cess.
Income Range
Tax rate
Tax Amount
₹0 – ₹4,00,000
Rs. 0
₹0
₹4,00,001 – ₹8,00,000
5%
₹20,000
₹8,00,001 – ₹12,00,000
10%
₹ 40,000
₹12,00,001 – ₹15,00,000
15%
₹ 45,000
Total tax
₹105,000
Tax on ₹20 lakh income
The overall tax due on an income of ₹20 lakh based on the updated tax brackets of the new tax system in Budget 2025 amounts to ₹2 lakh, not including health and education cess.
Income Range
Tax rate
Tax Amount
₹0 – ₹4,00,000
Rs. 0
₹0
₹4,00,001 – ₹8,00,000
5%
₹20,000
₹8,00,001 – ₹12,00,000
10%
₹ 40,000
₹12,00,001 – ₹16,00,000
15%
₹ 60,000
₹16,00,001 – ₹20,00,000
20%
₹ 80,000
Total tax
₹2 lakh
Tax on ₹25 lakh income
The complete tax owed on an income of ₹25 lakh according to the updated tax brackets of the new tax structure in Budget 2025 is ₹3.3 lakh, not including cess and surcharges.
Income Range
Tax rate
Tax Amount
₹0 – ₹4,00,000
Rs. 0
₹0
₹4,00,001 – ₹8,00,000
5%
₹20,000
₹8,00,001 – ₹12,00,000
10%
₹ 40,000
₹12,00,001 – ₹16,00,000
15%
₹ 60,000
₹16,00,001 – ₹20,00,000
20%
₹ 80,000
₹20,00,001 – ₹24,00,000
25%
₹1,00,000
₹24,00,001 – ₹25,00,000
30%
₹30,000
Total tax
₹3,30,000
Tax on ₹35 lakh income
The overall tax owed on an income of ₹35 lakh according to the updated tax brackets of the new tax system in Budget 2025 is ₹6.6 lakh, not including cess and surcharges.
Income Range
Tax rate
Tax Amount
₹0 – ₹4,00,000
Rs. 0
₹0
₹4,00,001 – ₹8,00,000
5%
₹20,000
₹8,00,001 – ₹12,00,000
10%
₹ 40,000
₹12,00,001 – ₹16,00,000
15%
₹ 60,000
₹16,00,001 – ₹20,00,000
20%
₹ 80,000
₹20,00,001 – ₹24,00,000
25%
₹1,00,000
₹24,00,001 – ₹35,00,000
30%
₹3,30,000
Total tax
₹6,60,000
Tax on ₹45 lakh income
The overall tax owed on an income of ₹45 lakh according to the updated tax brackets of the new tax structure in Budget 2025 is ₹9.3 lakh, not including cess and surcharges.
Income Range
Tax rate
Tax Amount
₹0 – ₹4,00,000
Rs. 0
₹0
₹4,00,001 – ₹8,00,000
5%
₹20,000
₹8,00,001 – ₹12,00,000
10%
₹ 40,000
₹12,00,001 – ₹16,00,000
15%
₹ 60,000
₹16,00,001 – ₹20,00,000
20%
₹ 80,000
₹20,00,001 – ₹24,00,000
25%
₹1,00,000
₹24,00,001 – ₹45,00,000
30%
₹6,30,000
Total tax
₹9,30,000
Announcements for Middle Class
Now there is no tax on income of Rs 12 lakh.
For salaried people, the tax limit is Rs 12.75 lakh and the standard deduction is Rs 75,000.
Zero tax on income from Rs 0 to 4 lakh.
10% tax from Rs 8 to 12 lakh, profit of 80 thousand.
15% tax from Rs 12 to 16 lakh, profit of 70 thousand.
20% tax from Rs 16 to 20 lakh.
30% tax on income above Rs 24 lakh.
Profit from Rs 1.10 lakh to Rs 25 lakh.
Big benefit for taxpayers in the new system.
Tax exemption doubled for senior citizens.
TDS limit increased to Rs 10 lakh.
You can file updated ITR for 4 years.
TDS exemption on rental income increased to Rs. 6 lakh.
