New tax regime 2025: Learn about the new income

Learn about the new income tax slabs, rebate, exemption limit, and deductions for the financial year 2025 -26. Compare the new tax regime with the old tax regime and find out the pros and cons of each option. The Indian government introduced significant changes to the income tax regime for FY 2025 -26, impacting millions of taxpayers. The Union Budget 2025 -26 simplified the tax structure, revised tax slabs, and introduced new deductions to benefit salaried individuals and pensioners. 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. income tax slab rates define how much tax the individuals should pay for different income groups. The income tax slabs relaxation is the biggest relief brought in the financial year 2025 -26, greatly reducing the tax liability for many. Other added benefits come from higher rebate limit and TDS threshold limits. Key Highlights Tax slab changes under the new regime for FY 2025 -26: Income up to Rs. 12 lakhs made zero- tax due to an increased rebate of Rs. 60,000. Basic exemption limit extended ...