Section 115BAC New Tax Regime 2026: Slabs, Benefits, Exemptions & Deductions

Yes, NRIs can opt for the New Tax Regime under Section 115BAC.

Yes, Section 115BAC of the Income Tax Act applies to NRIs.

Yes, it applies to NRIs.

Yes, you can switch between tax regimes, but the process and frequency depend on whether the income is generated from a profession or a business.

A rebate under section 87A provides a tax reduction only for resident individuals with an income tax table below a specific limit. However, please note that the rebate is not applicable for NRIs.