Slab rate as per new tax regime & old regime for FY 2024-25 (AY 2025-26)

Here are the income tax slab rates for the Financial Year 2024-25 (Assessment Year 2025-26) under both the new and old tax regimes:

New Tax Regime:

• Up to ₹3,00,000: 0%

• ₹3,00,001 to ₹7,00,000: 5%

• ₹7,00,001 to ₹10,00,000: 10%

• ₹10,00,001 to ₹12,00,000: 15%

• ₹12,00,001 to ₹15,00,000: 20%

• Above ₹15,00,000: 30%

Old Tax Regime:

• Up to ₹2,50,000: 0%

• ₹2,50,001 to ₹5,00,000: 5%

• ₹5,00,001 to ₹10,00,000: 20%

• Above ₹10,00,000: 30%

The new tax regime offers lower tax rates but does not allow for most deductions and exemptions available under the old regime. You can choose the regime that best suits your financial situation.