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income tax slab rates define how much tax the individuals should pay for different income groups. The income tax slabs relaxation is the biggest relief brought in the financial year 2025 -26, greatly reducing the tax liability for many. Other added benefits come from higher rebate limit and TDS threshold limits. Key Highlights Tax slab changes under the new regime for FY 2025 -26: Income up to Rs. 12 lakhs made zero- tax due to an increased rebate of Rs. 60,000. Basic exemption limit extended ... 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. Rebate Limit under Income Tax Act 2025 New Tax Regime – Income upto ₹12 Lakh → rebate upto ₹60,000. Old Tax Regime – Income upto ₹5 Lakh → rebate upto ₹12,500. Income Tax Act 1961 vs 2025 The Old Act (1961) will replace the 2025 Act. Sections have been simplified a lot, though the number of sections is more now. The most major change – the concept of tax year (will replace FY & AY). Final Word The Income Tax Act 2025 has tried to make the taxation system simpler, modern ...
