What are the revised tax slabs for the New Tax Regime?

Created by Product Content Team, Modified on Thu, 27 Feb at 2:14 PM by Product Content Team


As part of the latest budget updates, the income tax slabs under the New Tax Regime are revised to provide a more structured taxation framework. 

The updated slabs are as follows:

Income Tax slabs (Rs)

Income Tax rate (%)

From Rs 0 to 400000

Nil

From Rs 400001 to 800000

5%

From Rs 800001 to 1200000

10%

From Rs 1200001 to 1600000

15%

From Rs 1600001 to 2000000

20%

From Rs 2000001 to 2400000

25%

From Rs 2400001 and above

30%


These changes will take effect from April 1, 2025, ensuring seamless payroll and tax compliance for employees opting for the New Tax Regime.



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Related Links:

Video- To watch a video on Budget changes, click here.

FAQs: To read more about Budget changes for FY 2025-26, click here.

DocumentationTo learn more about the greytHR knowledge base pages, click here.

Product Update- To read about the product update, click here.




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