Question 1

What are the Income Tax slabs for FY 2025-26 under the New Tax Regime?

Accepted Answer

Under the New Tax Regime (FY 2025-26): Up to ₹3L is Nil, ₹3L-₹7L is 5%, ₹7L-₹10L is 10%, ₹10L-₹12L is 15%, ₹12L-₹15L is 20%, and Above ₹15L is 30%. With the enhanced Section 87A rebate and ₹75,000 standard deduction, salaried income up to ₹12.75 Lakh is 100% tax-free.

Question 2

How is the future value of a Mutual Fund SIP calculated?

Accepted Answer

SIP future value is calculated using the annuity formula: FV = P * [((1+r)^n - 1) / r] * (1+r), where P is monthly deposit, r is monthly rate, and n is total number of months.

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