India’s Income Tax Slabs for FY 2023-24, 2024-25, and 2025-26 – New Tax Regime

Comprehending the New Tax System

The purpose of the new tax regime was to provide taxpayers with a more straightforward tax structure. Taxpayers must forfeit a number of deductions, including 80C, 80D, and HRA benefits, despite the reduced tax rates. Let's examine the most recent tax slabs.

Income Tax Slabs (New Tax Regime)

FY 2023-24 (AY 2024-25)

Income Slab (in Ôé╣) Tax Rate
Up to 3,00,000 Nil
3,00,001 to 6,00,000 5%
6,00,001 to 9,00,000 10%
9,00,001 to 12,00,000 15%
12,00,001 to 15,00,000 20%
Above 15,00,000 30%

FY 2024-25 (AY 2025-26)

Income Slab (in Ôé╣) Tax Rate
Up to 3,00,000 Nil
3,00,001 to 6,00,000 5%
6,00,001 to 9,00,000 10%
9,00,001 to 12,00,000 15%
12,00,001 to 15,00,000 20%
Above 15,00,000 30%

FY 2025-26 (AY 2026-27)

Income Slab (in Ôé╣) Tax Rate
Up to 4,00,000 Nil
4,00,001 to 8,00,000 5%
8,00,001 to 12,00,000 10%
12,00,001 to 16,00,000 15%
16,00,001 to 20,00,000 20%
20,00,001 to 24,00,000 25%
Above 24,00,000 30%

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Notice: This blog's content is solely intended for general informative purposes and is based on current tax rules. Please seek individualized advice from a qualified tax expert.