What Is Fy 2025-24 &Amp; Ay 2025-25. The financial year for tax purposes for individuals starts on 1st july and ends on 30 june of the following year. 2025 begins on 01/01/2025 and ends on 31/12/2025.
The definition of “base rate entity” limits the ability to access. 3 lakh, and rising to 30% for incomes above rs.
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