India’s New Income Tax Slabs for 2025-26
In the Union Budget 2025, Finance Minister Nirmala Sitharaman announced revised income tax slabs under the new tax regime, bringing significant relief to middle-class taxpayers.
Key Updates:
Increased Tax Exemption Limit:
Individuals with an annual income up to ₹12 lakh will now be exempt from income tax.
Higher Standard Deduction:
The standard deduction has been increased to ₹75,000, meaning individuals earning up to ₹12.75 lakh will have zero tax liability after deductions.
Revised Tax Slabs (2025-26)
Impact of the Changes
- More savings for middle-income groups
- Increased consumer spending and investment
- Strengthened economic growth
