Budget 2025-26: Income Tax
February 1, 2025
1974
Revised tax rate under New Tax Regime:
- Nil Tax slab up to ₹12 Lakh (₹12.75 lakh for salaried tax payers with standard deduction of ₹75,000)
- Slabs and rates being changed across the board to benefit all tax-payers
| Salary (₹) | 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% |