BUDGET 2025-26: Zero Income Tax till 1Rs. 2 Lakh Income under New Tax Regime
Personal
Income Tax Reforms with Special Focus on Middle Class
'Nil tax'
slab up to Rs. 12.00 lakh (Rs.12.75 lakh for salaried tax payers with standard
deduction of ₹ 75,000)
New
structure to substantially reduce taxes of middle class and leave more money in
their hands, boosting household consumption, savings and investment.
Slabs and
rates being changed across the board to benefit all tax-payers
|
Income
Slabs (₹) |
Tax Rate (%) |
|
Up to
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% |
