Budget 2025 - Zero Tax upto 12 Lakhs
Finance Minister Nirmala Sitharaman presented Union Budget 2025-26 on Saturday, February 1, and declared that under the new tax system, those earning up to ₹12 lakh would not be obliged to pay taxes. For incomes up to ₹12 lakh ( ₹12.75 lakh for salaried taxpayers with a basic deduction of ₹75,000), the new tax regime gives zero per cent income tax. Changed the new regime tax slab and enhanced tax rebate upto 60,000/-. The detailed tax slab in new regime as per the 2025 budget is given below. You can download latest Tax Calculator for FY 2025-26 from the link given below.
Income Tax Slab | Tax Rate |
Up to Rs.4,00,000/- | Nil |
Rs.4,00,000/- to Rs.8,00,000/- | 5 % |
Rs.8,00,000/- to Rs,12,00,000/- | 10 % |
Rs.12,00,000/- to Rs.16,00,000/- | 15 % |
Rs.16,00,000/- to Rs,20,00,000/- | 20 % |
Rs.20,00,000/- to Rs.24,00,000/- | 25 % |
Above Rs.24,00,000/- | 30 % |
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