New Income Tax Slabs in Budget 2025: No tax till Rs 12 lakh income; 15% tax till Rs 16 lakh income; 20% tax till Rs 20 lakh income; see other details

After the Finance Minister gives relaxation for the salaried with income up to Rs 12 lakh, excluding Rs 75,000 standard deduction, tax slabs in the new tax regime have been revised. Check in which category your income will fall.

Taxpayers don't need to pay any tax till this income.

The income tax in this category is 5 per cent.

The income tax rate in this category is now 10 per cent.

Taxpayers need to pay 15 per cent tax in this category.

The income tax rate in this category is 20 per cent.

The tax for taxpayers in this category is 25 per cent.

The income tax in this category is 30 per cent.

Finance Minister Nirmala Sitharaman says that a taxpayer in the new regime with an income of Rs 12 lakh will get a benefit of Rs 80,000 in tax. 

A person having income of Rs 18 lakh will get a benefit of Rs 70,000 in tax.

A person with an income of Rs 25 lakh gets a benefit of Rs 1.10 lakh.

Have a look at what were slabs in the new tax regime before Nirmala Sitharaman's budget speech today-

There was no income tax.

The tax rate was 5 per cent.

The tax rate was 10 per cent.

The tax rate was 15 per cent.

The tax rate was 20 per cent.

The tax rate was 30 per cent.