New Tax Regime Slabs For FY 2024-25 (AY 2025-26)

| Last updated: 01 December 2025

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The new tax regime, now the default for individuals, offers lower tax rates but fewer deductions. For FY 2024-25, it features specific income slabs with corresponding tax percentages, starting at nil for income up to Rs. 3 lakh. While it simplifies tax filing, it eliminates many common deductions like HRA and 80C, though some specific deductions such as standard deduction for salaried employees and family pension are available.

New tax regime under section 115BAC of the Income Tax Act was introduced in the 2020 budget by Finance Minister Nirmala Sitharaman with an aim to offer a simplified tax structure with lower tax rates but fewer deductions and exemptions compared to the old regime. With effect from AY 2024-25, new tax regime has made default tax regime for Individual, HUF, AOP (not being co-operative societies), BOI or Artificial Juridical Person. However, taxpayers have the option to choose between new tax re

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About the Author

Mitali

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

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