What are the revised tax slabs for the new tax regime for FY 2024-25?

Created by Product Content Team, Modified on Wed, 18 Jun at 3:41 PM by Product Content Team

An income tax slab is a range of income defined by the government to tax individuals at different rates.

Under the New Tax regime for FY 2024-25, the income tax slabs are structured as follows:

Income tax slabs (Rs)	Income tax rate (%)
Upto 300000	Nil
From Rs.300001 to Rs. 700000	5%
From Rs.700001 to Rs. 1000000	10%
From Rs.1000001 to Rs.1200000	15%
From Rs.1200001 to Rs.1500000	20%
From Rs.1500001 and above	30%

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