India income tax slab rates 2025: Key Features of Income Tax

Key Features of Income Tax Act 2025 Income tax is a direct tax that the taxpayer has to bear. The control of this taxation is with the Central Government of India . Broader scope for Virtual Digital Assets. Digital compliance and dispute resolution reforms. Relaxed slab rates with progressive tax system. Deductions are allowed up to a defined maximum limit. Major Provisions in Income Tax Act 2025 Introduction of Tax Year concept. Structured compliance and recovery mechanism. Special ... The third India Income tax slab in 2025 is for individuals over 80 years of age and provides the lowest levels of personal income tax in India . Learn the latest income tax slab rates for FY 2025 -26. Understand new vs old regimes and plan your taxes smarter with updated and simple details. The total tax benefit of slab rate changes and rebate at different income levels can be illustrated in the table below: By reducing taxes, the government aims to leave more disposable income in the hands of taxpayers, which can boost household consumption, savings, and investments, thereby contributing to economic growth.