Income Tax Slab Rates FY 2025-26 (AY 2026-27) - ClearTax The new income tax slab rates under the new regime for the FY 2025-26 (AY 2026-27) are as follows: Rs 0 to Rs 4 lakh – Nil, Rs 4 lakh to Rs 8 lakh – 5%, Rs 8 lakh to Rs 12 lakh – 10%, Rs 12 lakh to Rs 16 lakh – 15%, Rs 16 lakh to Rs 20 lakh – 20%, Rs 20 lakh to Rs 24 lakh – 25%, and income above Rs 24 lakh will be taxed
Deductions Allowed in New Tax Regime in AY 2025-26 and AY 2026-27 There are certain Deductions Allowed in New Tax Regime in FY 2024-25 (AY 2025-26) and FY 2025-26 (AY 2026-27) Comparison of exemption deductions available under the old tax regime and new tax regime of Section 115BAC Here’s the updated table incorporating the additional list, with changes highlighted:
New Income Tax Regime 2025: Key Features, Benefits Standard Deduction . . . In 2025, the government has further improved the New Income Tax Regime by increasing tax-free income limits, revising tax slabs, and enhancing the standard deduction These changes aim to reduce the tax burden on salaried individuals and small business owners, making the new regime a more attractive choice
Understanding India New Income Tax Regime for FY 2025-26 With the new tax regime for FY 2025-26, the tax burden is significantly reduced The key benefits include: For a salaried individual earning ₹15,00,000, the new tax regime (FY 2025-26) saves ₹42,900 in tax compared to the previous year Which regime is better for you?
India’s New Income Tax Bill 2025: A Comprehensive Overview - Tax Guru Key changes include revised tax slabs, with the basic exemption limit raised to ₹4 lakh and rebates under Section 87A extended to incomes up to ₹12 lakh Presumptive taxation thresholds are increased to ₹3 crore for businesses and ₹75 lakh for professionals
New Tax Regime vs Old Regime in 2025: Which One Should You Pick? The Budget 2025 has introduced a major game-changer: under the new tax regime (Section 115BAC), resident individuals with taxable income up to ₹12 lakh can now enjoy a full rebate under Section 87A, effectively making their tax payable zero for FY 2025–26
Budget 2025 Tax Slabs | Big Relief for Salaried Class Investors Budget 2025 introduces major tax cuts for India’s salaried professionals—zero tax up to Rs 12 8L and reduced rates above Discover how the new slabs boost take-home pay, savings, and investment opportunities Under the new tax regime, individuals now pay no income tax on annual earnings up to Rs 12 8 lakh (compared to the old Rs 7 lakh limit) Likewise, the highest tax bracket (30%) was pushed back: it will apply only on income above Rs 24 lakh (up from Rs 15 lakh previously
Tax Regime Selection 2025: A Simple Guide for Smart Decisions - CAclubindia The Big Change in 2025 The government has made the new tax regime even more attractive by increasing the rebate under Section 87A to Rs 60,000 This single change has made income up to Rs 12 lakh completely tax-free under the new regime Let me break down which regime you should choose based on your income and situation