Income Tax Slab for FY 2025-26

[2025]

Hi Friends,
Please share your Income Tax slab expectations (for individuals) and your suggestions from the 2025 budget (FY 2025-26).
Given the reach of the TechnoFino community, our Finance minister and her team might implement some of your innovative suggestions.
So, go on and share your thoughts.

Rates of Tax: FY 2024-25
For Individual (Resident or Non-Resident) less than 60 years of age anytime during the previous year:

Old Tax Regime		New Tax Regime u/s 115BAC
Income Tax Slab	Income Tax Rate	Income Tax Slab	Income Tax Rate
Up to ₹ 2,50,000	Nil	Up to ₹ 3,00,000	Nil
₹ 2,50,001 - ₹ 5,00,000	5% above ₹ 2,50,000	₹ 3,00,001 - ₹ 7,00,000	5% above ₹ 3,00,000
₹ 5,00,001 - ₹ 10,00,000	₹ 12,500 + 20% above ₹ 5,00,000	₹ 7,00,001 - ₹ 10,00,000	₹ 20,000 + 10% above ₹ 7,00,000
Above ₹ 10,00,000	₹ 1,12,500 + 30% above ₹ 10,00,000	₹ 10,00,001 - ₹ 12,00,000	₹ 50,000 + 15% above ₹ 10,00,000
		₹ 12,00,001 - ₹ 15,00,000	₹ 80,000 + 20% above ₹ 12,00,000
		Above ₹ 15,00,000	₹ 1,40,000 + 30% above ₹ 15,00,000

Surcharge (10-37%) applicable on income above 50 Lakh.
The Rate of Health & Education Cess 4% (additional).
--------
For more information, please visit:
Ref (1): https://www.incometax.gov.in/iec/foportal/help/individual/return-applicable-1
Ref (2): https://www.incometax.gov.in/iec/foportal/help/individual-business-profession
Ref (3): https://www.bajajfinserv.in/investments/income-tax-slabs

Will update the new Income Tax rate after budget presentation on February 01, 2025.

 

[msankadi]

Hi Friends,
Please share your Income Tax slab expectations (for individuals) and your suggestions from the 2025 budget.
Given the reach of the TechnoFino community, our Finance minister and her team might implement some of your innovative suggestions.
So, go on and share your thoughts.

Hahaha good one... But I think you're confused about the dates.. You should open this thread on 1st April instead

Serious note based on her past performance I just see more taxes incoming with some comical relief of 1000-2000 rs per month while taking away more taxes in lakhs...I hate the current tax regime even though I come from a bjp supporter family

 

[2025]

Hahaha good one... But I think you're confused about the dates.. You should open this thread on 1st April instead

Serious note based on her past performance I just see more taxes incoming with some comical relief of 1000-2000 rs per month while taking away more taxes in lakhs...I hate the current tax regime even though I come from a bjp supporter family

Thanks. I have added the reference announcement that is currently applicable.
Why on 1st April? In fact, I think this is the right time to give suggestions and talk about the expectations before the budget announcement scheduled on Feb 1, 2025.
It seems like credit card enthusiasts are not interested in tax talks.

 

[karanssh]

There will be no changes, we will all be rug pulled

 

[thegame]

Hi Friends,
Please share your Income Tax slab expectations (for individuals) and your suggestions from the 2025 budget (FY 2025-26).
Given the reach of the TechnoFino community, our Finance minister and her team might implement some of your innovative suggestions.
So, go on and share your thoughts.

Rates of Tax: FY 2024-25
For Individual (Resident or Non-Resident) less than 60 years of age anytime during the previous year:

Old Tax Regime	New Tax Regime u/s 115BAC
Income Tax Slab	Income Tax Rate	Income Tax Slab	Income Tax Rate
Up to ₹ 2,50,000	Nil	Up to ₹ 3,00,000	Nil
₹ 2,50,001 - ₹ 5,00,000	5% above ₹ 2,50,000	₹ 3,00,001 - ₹ 6,00,000	5% above ₹ 3,00,000
₹ 5,00,001 - ₹ 10,00,000	₹ 12,500 + 20% above ₹ 5,00,000	₹ 6,00,001 - ₹ 9,00,000	₹ 15,000 + 10% above ₹ 6,00,000
Above ₹ 10,00,000	₹ 1,12,500 + 30% above ₹ 10,00,000	₹ 9,00,001 - ₹ 12,00,000	₹ 45,000 + 15% above ₹ 9,00,000
		₹ 12,00,001 - ₹ 15,00,000	₹ 90,000 + 20% above ₹ 12,00,000
		Above ₹ 15,00,000	₹ 1,50,000 + 30% above ₹ 15,00,000

Surcharge (10-37%) applicable in income above 50 Lakh.
The Rate of Health & Education Cess 4% (additional).
--------
Ref (1): https://www.incometax.gov.in/iec/foportal/help/individual/return-applicable-1
Ref (2): https://www.incometax.gov.in/iec/foportal/help/individual-business-profession

Will update the new Income Tax rate after budget presentation on February 01, 2025.

The New Tax Regime slabs that you have shared is the old one and below is the Budget 2024 updated slabs

 

[panchabhut]

Does not matter what you want. Only matters what the people in Fin Ministry want.

 

[thegame]

source:

Income Tax Slabs for FY 2024-25 (New and Old Regime Tax Rates)

Latest Income Tax Slab & Tax Rates in India for FY 2024-25 (AY 2025-26): Check out the latest income tax slabs and rates as per the New tax regime and Old tax regime.

cleartax.in

Income Tax Slab FY 2024-25: Latest Income Tax Slab Rates for FY 2024-25 (AY 2025-26), Old & New Income Tax Regime, Income Tax Slabs Rate in India | ET Wealth

Income Tax Slab FY 2024-25: Check the latest Income Tax Slab Rates in India for FY 2024-25 (AY 2025-26) on ET Wealth by The Economic Times. Discover the latest tax slabs rate for 2024-25, and new Tax slabs for salaried, individuals and professional by the IT department, Old & New Income Tax...

economictimes.indiatimes.com

 

[2025]

The New Tax Regime slabs that you have shared is the old one and below is the Budget 2024 updated slabs

Thanks for correcting me.

source:

Income Tax Slabs for FY 2024-25 (New and Old Regime Tax Rates)

Latest Income Tax Slab & Tax Rates in India for FY 2024-25 (AY 2025-26): Check out the latest income tax slabs and rates as per the New tax regime and Old tax regime.

cleartax.in

Income Tax Slab FY 2024-25: Latest Income Tax Slab Rates for FY 2024-25 (AY 2025-26), Old & New Income Tax Regime, Income Tax Slabs Rate in India | ET Wealth

Income Tax Slab FY 2024-25: Check the latest Income Tax Slab Rates in India for FY 2024-25 (AY 2025-26) on ET Wealth by The Economic Times. Discover the latest tax slabs rate for 2024-25, and new Tax slabs for salaried, individuals and professional by the IT department, Old & New Income Tax...

economictimes.indiatimes.com

Any govt. website link? Looking for that to refer further. Will update in the meantime.

 

[Dragon_slayer]

Ek to tax ke upar CESS lgake ka logic mujhe smjh nhi aaya aaj tk. Phle hum tax de, phir tax ke upar or tax de. 😡

 

[2025]

My expectations regarding tax slab from this budget.

New Tax Regime:
0-4 Lakh: 0%
4-8 Lakh: 5%
8-12 Lakh: 10%
12-16 Lakh: 15%
16-20 Lakh: 20%
20-24 Lakh: 25%
24 Lakh+: 30%

Old Tax Regime:
Babaji ka thullu (No change).

 

[V360]

My expectations regarding tax slab from this budget.

New Tax Regime:
0-25 Lakh: 0%
25-50 Lakh: 10%
50 Lacs and onwards - 20%

Best budget to not loot people like us - middle/upper middle class.

 

[msankadi]

Thanks. I have added the reference announcement that is currently applicable.
Why on 1st April? In fact, I think this is the right time to give suggestions and talk about the expectations before the budget announcement scheduled on Feb 1, 2025.
It seems like credit card enthusiasts are not interested in tax talks.

1st April as it is April fools day

 

[kuchbhi]

@newmakerhere just thought to ping you here

 

[Dreams Of Desire 💓]

Individuals upto 1 karod no tax
Above 1 karod 50 percent.
Any business above 1 karod 50 percent on " turnover amount "
Every person looting/exploiting in the name of "BUISNESS EXPENSES" 100 percent

 

[fin_avid]

My expectations regarding tax slab from this budget.

New Tax Regime:
0-4 Lakh: 0%
4-8 Lakh: 5%
8-12 Lakh: 10%
12-16 Lakh: 15%
16-20 Lakh: 20%
20-24 Lakh: 25%
24 Lakh+: 30%

Old Tax Regime:
Babaji ka thullu (No change).

This a actually good. If it happens den tat s more good.

 

[newmakerhere]

'I wish to do more, but...': Finance minister Nirmala Sitharaman on tax relief for India's middle-class

The government reportedly is exploring broader income tax reductions for individuals earning up to ₹15 lakh annually, potentially impacting millions of urban taxpayers grappling with high living costs.

www.businesstoday.in

Tai kah rahi h up to 15 Lakh kuch relief degi. But don't expect too much.

Personally waiting for clarification on rebate u/s 87A under new regime. Whether capital gain include in total income for calculation of rebate u/s 87A or not. Last year they changed form silently on 5th July and after that lot of returns proceed with demands.

 

[thegame]

Thanks for correcting me.

Any govt. website link? Looking for that to refer further. Will update in the meantime.

still FY2023-2024 details only in the official site

Non-Resident Individual for AY 2024-2025

www.incometax.gov.in

also Income Tax calculator is updated as it reflects the new LTCG 12.5% etc which was not done till Nov2024

 

[sumit_yadav]

Taxpayer's Fantasy Tax Regime:

New Tax Regime:

• 0-25 Lakh: 0% (Because we all need a little sunshine in our wallets!)
• 25-50 Lakh: 5% (A small fee for the privilege of daydreaming about early retirement.)
• 50-75 Lakh: 10% (Just enough to make us feel responsible but not too much to crush our spirits.)
• 75 Lakh - 1 Crore: 15% (For those who are almost there but need a gentle reminder that life is still unfair.)
• 1 Crore and above: 0% (Because apparently, once you hit the jackpot, taxes are just a myth!)

 

[sadhunath]

Since we are playing this fantasy game, let me share my version of 2girls-1cup.

• 0-7 Lakh: 0%
• 7-15 Lakh: 10 %
• 15-20 Lakh: 20%
• 20 Lakh and above: 30%

Other taxes for all types of MF/Stocks

• 10% LTGC with indexation
• 20% STGC without indexation

3 years long term for all types of MF (both debt, equity and mix/Stocks)

 

[likith_jogi]

We need to follow gold standards to apply Income Tax, we cannot apply randomly.


There shouldn't be Income tax till cost of 145 grams of gold.

Today gold rate is 8044 for 1 gram 24kt.

8044 x 145 grams = 11,66,380 rs

0 to 1200000 = 0% Tax
1200000 to 1800000 = 5% tax.
1800000 to 2500000 = 10% tax.
2500000 to 3500000 = 15 % tax.
3500000 to 4500000 = 20% tax.
above 4500000 = 25% tax.



We as a country dont need 30% tax slab, we are not a developed country and we are not getting any benefits from govenment for paying taxes.

Gold Rate - https://jablr.org/
Gold Standard Taxing - https://economictimes.indiatimes.co...lakh-today/articleshow/111691331.cms?from=mdr