{"id":4923,"date":"2025-02-03T13:49:32","date_gmt":"2025-02-03T13:49:32","guid":{"rendered":"https:\/\/1finance.co.in\/magazine\/?post_type=blog&p=4923"},"modified":"2025-09-12T17:18:15","modified_gmt":"2025-09-12T11:48:15","slug":"new-income-tax-slabs-rates-after-budget-2025-but-dont-calculate-your-taxes-based-on-them-while-filing-itr-in-fy24-25","status":"publish","type":"blog","link":"https:\/\/1finance.co.in\/1f-dashboard\/blog\/new-income-tax-slabs-rates-after-budget-2025-but-dont-calculate-your-taxes-based-on-them-while-filing-itr-in-fy24-25\/","title":{"rendered":"New Income Tax Slabs, Rates After Budget 2025 But Don\u2019t Calculate Your Taxes Based On Them While Filing ITR In FY24-25"},"content":{"rendered":"

Finance Minister Nirmala Sitharaman unveiled the Union Budget 2025-26 on February 1,2025 introducing a revised income tax structure aimed at providing relief to middle-class taxpayers. The new tax regime has been updated, increasing the tax-free income threshold and adjusting tax brackets. These changes are set to take effect from April 1, 2025 (FY 2025-26).<\/p>\n

New Income Tax Slabs, Rates under the new regime after Budget 2025 (FY 2025-26)<\/h2>\n\n\n\n\n\n\n\n\n\n\n
Revised Tax Slabs (\u20b9)<\/td>\nRevised Tax Rate<\/td>\n<\/tr>\n
0 \u2013 4,00,000<\/td>\nNil<\/td>\n<\/tr>\n
4,00,001 \u2013 8,00,000<\/td>\n5%<\/td>\n<\/tr>\n
8,00,001 \u2013 12,00,000<\/td>\n10%<\/td>\n<\/tr>\n
12,00,001 – 16,00,000<\/td>\n15%<\/td>\n<\/tr>\n
16,00,001 \u2013 20,00,000<\/td>\n20%<\/td>\n<\/tr>\n
20,00,001 \u2013 24,00,000<\/td>\n25%<\/td>\n<\/tr>\n
Above 24,00,000<\/td>\n30%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Under the new tax regime, there will be no tax for individuals earning up to Rs 12 lakh annually for FY 2025-26. At present, there is no tax for income of up to Rs 7 lakh for FY 2024-25<\/p>\n

Salaried individuals receive a standard deduction of \u20b975,000, ensuring zero tax liability for those having income of up to \u20b912.75 lakh under the new tax regime.<\/p>\n

The announcements in Budget 2025 were primarily focused on the new tax regime, while very few changes were made to the old tax regime.<\/p>\n

This won\u2019t impact your tax filing in financial year 2024-25<\/h2>\n

The new structure will only be relevant for income earned from April 1, 2025, onwards, meaning you will file your returns under the revised slabs in 2026.<\/p>\n

For this year\u2019s ITR<\/a>, taxpayers must follow the existing tax slabs and rates applicable for FY 2024-25. Until March 31, 2025, the existing tax slabs under both the new and old tax regimes remain applicable for ITR filing<\/a>.<\/p>\n

Current Income Tax Slabs for FY 2024-25 under the new tax regime<\/h2>\n\n\n\n\n\n\n\n\n\n
Income Range (\u20b9)<\/strong><\/td>\nTax Rate<\/strong><\/td>\n<\/tr>\n
0 \u2013 3,00,000<\/td>\nNil<\/td>\n<\/tr>\n
3,00,001 \u2013 7,00,000<\/td>\n5%<\/td>\n<\/tr>\n
7,00,001 \u2013 10,00,000<\/td>\n10%<\/td>\n<\/tr>\n
10,00,001 \u2013 12,00,000<\/td>\n15%<\/td>\n<\/tr>\n
12,00,001 \u2013 15,00,000<\/td>\n20%<\/td>\n<\/tr>\n
Above 15,00,000<\/td>\n30%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Current Income Tax Slabs for FY 2024-25 under the old tax regime having age less than 60 years<\/h2>\n\n\n\n\n\n\n\n
Income Range (\u20b9)<\/strong><\/td>\nTax Rate<\/strong><\/td>\n<\/tr>\n
0 \u2013 2,50,000<\/td>\nNil<\/td>\n<\/tr>\n
2,50,001 \u2013 5,00,000<\/td>\n5%<\/td>\n<\/tr>\n
5,00,001 \u2013 10,00,000<\/td>\n20%<\/td>\n<\/tr>\n
Above 10,00,000<\/td>\n30%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

(with exemptions & deductions like 80C, 80D, HRA, etc.)<\/i><\/h3>\n

Additionally, under the old regime, taxpayers can claim various deductions and exemptions, such as:<\/p>\n

    \n
  • \u20b91.5 lakh deduction under Section 80C (for PPF, EPF, ELSS, Life Insurance, etc.)<\/li>\n
  • \u20b950,000 standard deduction for salaried individuals<\/li>\n
  • Health insurance premium under Section 80D<\/li>\n
  • House Rent Allowance (HRA), Leave Travel Allowance (LTA), and other exemptions.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    Finance Minister Nirmala Sitharaman unveiled the Union Budget 2025-26 on February 1,2025 introducing a revised income tax structure aimed at providing relief to middle-class taxpayers. The new tax regime has been updated, increasing the tax-free income threshold and adjusting tax brackets. These changes are set to take effect from April 1, 2025 (FY 2025-26). New […]<\/p>\n","protected":false},"featured_media":4924,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_updated_date":""},"blog-category":[391,285],"acf":[],"yoast_head":"\nNew Income Tax Structure 2025: What Changed In Budget? | 1 Finance Blog<\/title>\n<meta name=\"description\" content=\"Learn about the new income tax structure 2025 from Budget announcements and why you should still use ITR tax slab 2024-25 for current filings.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/1finance.co.in\/blog\/new-income-tax-slabs-rates-after-budget-2025-but-dont-calculate-your-taxes-based-on-them-while-filing-itr-in-fy24-25\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Income Tax Structure 2025: What Changed In Budget? | 1 Finance Blog\" \/>\n<meta property=\"og:description\" content=\"Learn about the new income tax structure 2025 from Budget announcements and why you should still use ITR tax slab 2024-25 for current filings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/1finance.co.in\/blog\/new-income-tax-slabs-rates-after-budget-2025-but-dont-calculate-your-taxes-based-on-them-while-filing-itr-in-fy24-25\/\" \/>\n<meta property=\"og:site_name\" content=\"Blogs\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-12T11:48:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/imaages-hosting-1fin.s3.ap-south-1.amazonaws.com\/assets\/ogimage\/Blog.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"New Income Tax Structure 2025: What Changed In Budget? | 1 Finance Blog\" \/>\n<meta name=\"twitter:description\" content=\"Learn about the new income tax structure 2025 from Budget announcements and why you should still use ITR tax slab 2024-25 for current filings.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/1finance.co.in\/1f-dashboard\/wp-content\/uploads\/2025\/02\/Mutual-1.png\" \/>\n<meta name=\"twitter:site\" content=\"@1FinanceHQ\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/1finance.co.in\/blog\/new-income-tax-slabs-rates-after-budget-2025-but-dont-calculate-your-taxes-based-on-them-while-filing-itr-in-fy24-25\/\",\"url\":\"https:\/\/1finance.co.in\/blog\/new-income-tax-slabs-rates-after-budget-2025-but-dont-calculate-your-taxes-based-on-them-while-filing-itr-in-fy24-25\/\",\"name\":\"New Income Tax Structure 2025: What Changed In Budget? | 1 Finance Blog\",\"isPartOf\":{\"@id\":\"https:\/\/1finance.co.in\/blog\/#website\"},\"datePublished\":\"2025-02-03T13:49:32+00:00\",\"dateModified\":\"2025-09-12T11:48:15+00:00\",\"description\":\"Learn about the new income tax structure 2025 from Budget announcements and why you should still use ITR tax slab 2024-25 for current filings.\",\"breadcrumb\":{\"@id\":\"https:\/\/1finance.co.in\/blog\/new-income-tax-slabs-rates-after-budget-2025-but-dont-calculate-your-taxes-based-on-them-while-filing-itr-in-fy24-25\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/1finance.co.in\/blog\/new-income-tax-slabs-rates-after-budget-2025-but-dont-calculate-your-taxes-based-on-them-while-filing-itr-in-fy24-25\/\"]}],\"primaryImageOfPage\":{\"@id\":\"\"},\"image\":{\"@id\":\"\"}},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/1finance.co.in\/blog\/new-income-tax-slabs-rates-after-budget-2025-but-dont-calculate-your-taxes-based-on-them-while-filing-itr-in-fy24-25\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/1finance.co.in\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blogs\",\"item\":\"https:\/\/1finance.co.in\/blog\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"New Income Tax Slabs, Rates After Budget 2025 But Don\u2019t Calculate Your Taxes Based On Them While Filing ITR In FY24-25\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/1finance.co.in\/#website\",\"url\":\"https:\/\/1finance.co.in\/\",\"name\":\"1 Finance\",\"description\":\"Our single focus, to get you to re-imagine your Personal Finance What does this mean ? 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