Taxation
AIS
pronounced: [A-I-S]
Annual Information Statement is a comprehensive view of financial transactions including interest, dividends, securities, and foreign exchange information maintained by the Income Tax Department for each PAN.
Example
For FY 2024-25, an individual earning ₹15 lakh/year in the new tax regime pays ₹1.04 lakh tax (after standard deduction). This includes zero tax up to ₹7 lakh under Section 87A rebate. Old regime tax on the same income would be ₹1.56 lakh (without deductions).
Frequently Asked Questions
Last updated: 21 May 2026