New tax regime 2025: The New Tax Regime

The New Tax Regime offers taxpayers a much relaxed tax slab and rates compared to the Old Tax Regime . However, most of the deductions allowed under the old tax regime are disallowed under the new tax regime . Further, Budget 2025 proposed a revised tax slab rate from FY 2025 -26 onwards. Taxpayers often get confused between the exemptions and deductions that are allowed under the new tax regime . In this article, we will all the major questions regarding the New Tax Regime . What is the Tax Slab ... FY 2025 -26 has a lot of changes in Income Tax provisions. Get to know about all the major changes in income tax that come into effect from April 1, 2025 onwards. Learn the revised tax rates, TDS threshold limits, increased rebates, updated returns deadline and other changes that will be effective. The Budget 2024 introduced significant changes to the tax slabs under the New Tax Regime , which will be applicable for FY 2024-25 (AY 2025 -26). Taxpayers can now benefit from revised tax slabs, along with an increased standard deduction and an enhanced family pension deduction. Tax slabs for FY 2025 -26 (AY 2026-27) - Check tax slabs under new and old regimes , tax savings due to relaxed slab rates, and tax saving options available under both the regimes.