New income tax slab 2025: Tax Slabs for AY

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 Slabs: Union finance minister Nirmala Sitharaman on Saturday presented the Union Budget 2025-2026 in the Parliament and introduced a massive relief for income tax payers. New Income ... Know all updates about income-tax slab and rate changes in Union Budget 2025 here 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.