Effective from April 1, 2025, the new tax regime has become the default for individual taxpayers. Taxpayers still have the option to opt for the old regime. The revised tax slabs under the new regime are:The Times of India+4Income Tax Department+4Income Tax Department+4Income Tax Department+5ICICI Bank+5ClearTax+5
- ₹0 – ₹4,00,000: 0%
- ₹4,00,001 – ₹8,00,000: 5%
- ₹8,00,001 – ₹12,00,000: 10%
- ₹12,00,001 – ₹16,00,000: 15%
- ₹16,00,001 – ₹20,00,000: 20%
- ₹20,00,001 – ₹24,00,000: 25%
- Above ₹24,00,000: 30%
Additionally, individuals with taxable income up to ₹12 lakh may have zero tax liability due to the enhanced rebate under Section 87A.