New Tax Regime Slabs (FY 2024-25)

The Government of India has introduced updated tax slabs under the New Tax Regime to provide more relief to middle-class taxpayers:

• ₹0 - ₹3,00,000: NIL
• ₹3,00,001 - ₹7,00,000: 5%
• ₹7,00,001 - ₹10,00,000: 10%
• ₹10,00,001 - ₹12,00,000: 15%
• ₹12,00,001 - ₹15,00,000: 20%
• Above ₹15,00,000: 30%

Section 87A Rebate: If your taxable income does not exceed ₹7 Lakhs, your tax becomes zero under the New Regime.