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Tax slabs mentioned in budget of feb2025

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Dilip Khambete

108 Points Posted on 07 April 2025

I want to know , from which year the tax slabs , and modification in rebate under sec 87a as mentioned in budget 2025 are applicable??

Fy 24-25 or fy25-26

Many articles on internet are confusing, many of them are mentioning it as from fy 25-26

Also are the itr forms for fy 24-25 notified?

Please guide.

Kind regards

Dilip

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Quick Summary

This discussion seeks clarification on the applicability of tax slab changes and modifications to the Section 87A rebate announced in the February 2025 UK budget. The user is unsure whether these changes apply from the financial year 2024-25 or 2025-26, as online information is conflicting. Additionally, they are inquiring about the notification status of Income Tax Return (ITR) forms for FY 2024-25.