Income Tax Slabs 2025 LIVE Updates: Finance Minister Nirmala Sitharaman has announced that under the new income tax regime, nil tax slab has been raised from ₹7 lakh to ₹12 lakh. FM proposed to introduce the new income tax bill next week.
Income Tax Slabs 2025 LIVE Updates: Finance Minister Nirmala Sitharaman has announced that under the new income tax regime, nil tax slab has been raised from ₹7 lakh to ₹12 lakh. FM proposed to introduce the new income tax bill next week.
With this revision, under the New Tax Regime (NTR) following are the revised tax slabs:
₹0-4 lakh: NIL
₹4-8 lakh: 5%
₹8-12 lakh: 10%
₹12 -16 lakh: 15%
₹16-20 lakh: 20%
₹20-24 lakh: 25%
Above ₹24 lakh: 30%
Experts expect potential reforms, from tax rate cuts to an overhaul of the system, aimed at boosting consumption, simplifying taxation, and driving economic growth.
