Budget 2025 Live: New Income Tax Slabs

Budget 2025 Live: New Income Tax Slabs

Under the new tax regime, income up to ₹12 lakh is tax-free. For salaried individuals, this limit increases to ₹12.75 lakh, factoring in the standard deduction of ₹75,000.

New Delhi:

Finance Minister Nirmala Sitharaman in her Union Budget 2025 speech today announced a new tax slab that has been refreshed across the board.

Under the new regime, there is no tax on income up to Rs 12 lakh, and no tax on income up to Rs 12.75 lakh for salaried people, due to the standard deduction of Rs 75,000.

The new tax regime slab is as follows:

Up to Rs 4 lakh - 0 per cent

Rs 4-8 lakh - 5 per cent

Rs 8 12 lakh - 10 per cent

Rs 12-16 lakh - 15 per cent

Rs 16-20 lakh - 20 per cent

Rs 20-24 lakh - 25 per cent

Above Rs 24 lakh - 30 per cent