New income tax slab: Check the new income

Check the new income tax slab . The Bill revises tax rates under the new tax regime slabs (Section 115BAC) of the IT Act while the old tax regime remains unchanged. 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. For FY 2025-26, the new tax regime effectively allows up to Rs 12 lakh tax free income , due to increase of rebate up to Rs 60,000. The income tax Explore the updated income tax slabs for FY 2025-26 . Compare the new and old regimes, and find out which one saves you more tax.