New Income Tax Slab replaces current Income Tax Act, from April 1, 2026. Check Latest Income Tax Slabs & Rates for FY 2025-26, Compare the New & Old Tax Regimes. New Income Tax Slabs: Union finance minister Nirmala Sitharaman on Saturday presented the Union Budget 2025-2026 in the Parliament and introduced a massive relief for income tax payers. New Income ... FY 2025-26 has a lot of changes in Income Tax provisions. Get to know about all the major changes in income tax that come into effect from April 1, 2025 onwards. Learn the revised tax rates, TDS threshold limits, increased rebates, updated returns deadline and other changes that will be effective. Learn about the new income tax slabs, rebate, exemption limit, and deductions for the financial year 2025-26. Compare the new and old tax regimes and find out the default option and the calculation method.