Budget 2025 saw major income tax changes with FM Nirmala Sitharaman announcing new income tax slabs and income tax rates for FY 2025-26. Middle class salaried taxpayers will find big reason to ... Tax Slabs for AY 2025-26"" The Finance Act 2024 has amended the provisions of Section 115BAC w.e.f AY 2024-25 to make new tax regime the default tax regime for the assessee being an Individual, HUF, AOP (not being co-operative societies), BOI and or Artificial Juridical Person. However, the eligible taxpayers have the option to opt out of default tax regime and choose to be taxed under old tax regime. The old tax regime refers to the system of income tax calculation and slabs that existed ... The income tax slab rates under the new tax regime for FY 2025–26 are as follows: income up to ₹4 lakh is tax-free; ₹4 lakh to ₹8 lakh is taxed at 5%; ₹8 lakh to ₹12 lakh at 10%; ₹12 lakh to ₹16 lakh at 15%; ₹16 lakh to ₹20 lakh at 20%; ₹20 lakh to ₹24 lakh at 25%; and income above ₹24 lakh is taxed at 30%. General FAQs on the Broad scope of New Income-tax Bill नये आयकर विधेयक के व्यापक दायरे पर सामान्य प्रश्नोत्तर - Hindi Version
