Pls inform income tax slab for fy2024-25 (AY2025-26) for salaried people (ITR1) under both new and old regime .
Thanks.
Pls inform income tax slab for fy2024-25 (AY2025-26) for salaried people (ITR1) under both new and old regime .
Thanks.
Income tax slabs under the new tax regime
| Income tax slabs | Income tax rate |
| Rs 0 to Rs 3,00,000 | 0 |
| Rs 3,00,001 to Rs 6,00,000 | 5% |
| Rs 6,00,001 to Rs 9,00,000 | 10% |
| Rs 9,00,001 to Rs 12,00,000 | 15% |
| Rs 12,00,001 to Rs 15,00,000 | 20% |
| Rs 15,00,001 and above | 30% |
Cess at 4% will be levied on the amount of income tax payable. Surcharge will be applicable on incomes above Rs 50 lakh.
Income tax slabs under the old tax regime
| Income tax slabs | Income tax rate |
| Rs 0 to Rs 2,50,000 | 0 |
| Rs 2,50,001 to Rs 5,00,000 | 5% |
| Rs 5,00,001 to Rs 10,00,000 | 20% |
| Rs 10,00,001 and above | 30% |
The above income tax slabs table is applicable for individuals below 60 years of age. Cess at 4% will be levied on the income tax amount payable.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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