Revised New Tax Slabs: How much tax one needs to pay on salaries of Rs 13.75 lakh, Rs 16.50 lakh, Rs 19.25 lakh and Rs 26.75 lakh; see calculations
Revised New Tax Slabs: In Budget 2025, tax slabs for the new tax regime have been revised for the next financial year (FY2526). An annual income up to Rs 12 lakh for non-salaried individuals and up to Rs 12.75 lakh for salaried class individuals is tax-free. But what if your salary is Rs 13.75 lakh, Rs 16.50 lakh, Rs 19.25 lakh, Rs 22 lakh, or Rs 26.75 lakh, how much tax do you need to pay?
Revised New Tax Slabs: In her Budget 2025 speech, Finance Minister Nirmala Sitharaman announced revised tax slabs for the new tax regime, where she not only increased the tax-free income limit but also restructured slabs to a great extent. Some of the distinguishing features of Budget 2025 are the annual income up to Rs 12 lakh for non-salaried individuals and up to Rs 12.75 lakh for salaried individuals has been made tax-free. The other changes are- the 5 per cent tax slab now starts from Rs 4 lakh instead of Rs 3 lakh; 10 per cent slab starts from Rs 8 lakh instead of Rs 7 lakh; 15 per cent slab starts from Rs 12 lakh instead of Rs 10 lakh; 20 per cent slab starts from Rs 16 lakh instead of Rs 12 lakh; 25 per cent slab has been introduced; and the 30 per cent slab starts from Rs 24 lakh instead of Rs 15 lakh. This will help crores of taxpayers save a substantial amount every year. But what if their income crosses the tax-free income limit? What if annual incomes for salaried and non-salaried individuals are Rs 13.75 lakh, Rs 16.50 lakh, Rs 19.25 lakh, Rs 22 lakh, or Rs 26.75 lakh, respectively? How much income tax do they need to pay under the old tax regime, the existing new tax regime, and the proposed new tax regime? See calculations to know.
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(Disclaimer: Our calculations are projections. Actual calculations may vary.)
Existing new tax regime slabs
| Tax Slab for FY 2024-25 | Tax Rate |
| Up to Rs 3 lakh | NIL |
| Rs 3 lakh - Rs 7 lakh | 5% |
| Rs 7 lakh - Rs 10 lakh | 10% |
| Rs 10 lakh - Rs 12 lakh | 15% |
| Rs 12 lakh - Rs 15 lakh | 20% |
| Above Rs 15 lakh | 30% |
Proposed new tax regime slabs
| Income Tax Slabs | Tax Rate |
| Upto Rs. 4,00,000 | NIL |
| Rs. 4,00,001 - Rs. 8,00,000 | 5% |
| Rs. 8,00,001 - Rs. 12,00,000 | 10% |
| Rs. 12,00,001 - Rs. 16,00,000 | 15% |
| Rs. 16,00,001 - Rs. 20,00,000 | 20% |
| Rs. 20,00,001 - Rs. 24,00,000 | 25% |
| Above Rs. 24,00,000 | 30% |
Income Tax on Rs 13.75 lakh (salaried class)
Tax under existing new tax regime slabs- Rs 1,04,000
Tax under proposed new tax regime slabs- Rs 78,000
Tax under old tax regime- Rs 2,18,400
Income Tax on Rs 13.75 lakh (non-salaried class)
Tax under existing new tax regime slabs- Rs 1,04,000
Tax under proposed new tax regime slabs- Rs 89,700
Tax under old tax regime- Rs 2,18,400
Income Tax on Rs 16.50 lakh (salaried class)
Tax under existing new tax regime slabs- Rs 1,69,000
Tax under proposed new tax regime slabs- Rs 1,20,900
Tax under old tax regime- Rs 3,04,200
Income Tax on Rs 16.50 lakh (non-salaried class)
Tax under existing new tax regime slabs- Rs 1,69,000
Tax under proposed new tax regime slabs- Rs 1,35,200
Tax under old tax regime- Rs 3,04,200
Income Tax on Rs 19.25 lakh (salaried class)
Tax under existing new tax regime slabs- Rs 2,54,800
Tax under proposed new tax regime slabs- Rs 1,76,800.00
Tax under old tax regime- Rs 3,90,000
Income Tax on Rs 19.25 lakh (non-salaried class)
Tax under existing new tax regime slabs- Rs 2,54,800
Tax under proposed new tax regime slabs- Rs 1,92,400
Tax under old tax regime- Rs 3,90,000
Income Tax on Rs 22 lakh (salaried class)
Tax under existing new tax regime slabs- Rs 3,40,600
Tax under proposed new tax regime slabs- Rs 2,40,500.00
Tax under old tax regime- Rs 4,75,800
Income Tax on Rs 22 lakh (non-salaried class)
Tax under existing new tax regime slabs- Rs 3,40,600
Tax under proposed new tax regime slabs- Rs 2,60,000
Tax under old tax regime- Rs 4,75,800
Income Tax on Rs 26.75 lakh (salaried class)
Tax under existing new tax regime slabs- Rs 4,88,800
Tax under proposed new tax regime slabs- Rs 3,74,400.00
Tax under old tax regime- Rs 6,24,000
Income Tax on Rs 26.75 lakh (non-salaried class)
Tax under existing new tax regime slabs- Rs 4,88,800
Tax under proposed new tax regime slabs-
Tax under old tax regime- Rs 6,24,000