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As the new regime offers six lower-income tax slabs, anyone paying taxes without claiming tax deductions can benefit from paying a lower rate of tax under the new tax regime. General FAQs on the Broad scope of New Income-tax Bill नये आयकर विधेयक के व्यापक दायरे पर सामान्य प्रश्नोत्तर - Hindi Version 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 ... new income tax changes effective 1 April 2025. Updated slabs, rebates, deductions and compliance rules to help taxpayers, CAs and businesses stay prepared.
