Taxes in FY2025-26: With new tax slabs, 30% tax will start at Rs 24 lakh, Rs 20 lakh net salary will be taxed at 20%

In Budget 2025, the threshold for lower tax rates has been increased to Rs 4 lakh (previously Rs 3 lakh), allowing individuals with incomes between Rs 3-4 lakh to benefit from zero tax.

According to the finance minister’s announcement, under the new regime, salary income up to Rs 12.75 lakh will now be tax-free.

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