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NewsIncome Tax Slab Rates

Income Tax Slab Rates News

03 Feb 2025

No Income Tax up To Rs 12 Lakhs, Then Why Tax Slabs Start At Rs 4 Lakh?

Income Tax Slabs Under New Regime For FY 2025-26: Finance Minister Nirmala Sitharaman provided major relief to taxpayers in the Union Budget 2025-26 by increasing the tax-free income limit from Rs 7 lakh to Rs 12 lakh. With a standard deduction of Rs 75,000 for salaried individuals, income up to Rs 12.75 lakh is now tax-free. However, this excludes capital gains, which continue to be taxed separately under short-term and long-term rates.

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