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New Income Tax Slabs FY25-26 Live Updates: Budget 2025

the new tax regime announced in Budget 2025-26, No tax is due on incomes up to Rs 12 lakh, or Rs 12.75 lakh for salaried individuals. The Section 87A rebate has been raised to Rs 60,000. FM Sitharaman presented her 8th budget today.

Income Tax Calculator 2025

Taxable Income

New Tax Slab 2025

Rs 0-4 lakh - Nil ---

Rs 4-8 lakh - 5% ---

Rs 8-12 - 10% ---

Rs 12-16 - 15% ---

Rs 16-20 - 20% ---

Rs 20-24 - 25% ---

Above Rs 24 - 30% ---

Net Tax ---

Old Tax Slab 2024

Rs 0-3 lakh - Nil ---

Rs 3-7 lakh - 5% ---

Rs 7-10 - 10% ---

Rs 10-12 - 15% ---

Rs 12-15 - 20% ---

Above Rs 15 - 30% ---

Net Tax ---

Total Benefit ---