Income Tax Slabs for Assessment Year 2025-26 (FY 2024-25)

 

You asked for the salary slabs for Assessment Year 2025-26, so here are the current and accurate income tax slabs:

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New Tax Regime (Default Regime U/s - 115BAC) - AY 2025-26

Income Slab	Tax Rate
Up to ₹3,00,000	0% (Nil)
₹3,00,001 - ₹7,00,000	5%
₹7,00,001 - ₹10,00,000	10%
₹10,00,001 - ₹12,00,000	15%
₹12,00,001 - ₹15,00,000	20%
Above ₹15,00,000	30%

Key Benefits:

• Rebate under Section 87A: Up to ₹25,000 for income up to ₹7 lakh
• Standard Deduction: ₹75,000 (increased from ₹50,000)
• Zero Tax: Effectively no tax for income up to ₹7 lakh due to rebate

 

Old Tax Regime - AY 2025-26

Income Slab	Tax Rate
Up to ₹2,50,000	0% (Nil)
₹2,50,001 - ₹5,00,000	5%
₹5,00,001 - ₹10,00,000	20%
Above ₹10,00,000	30%

Key Benefits:

• Rebate under Section 87A: Up to ₹12,500 for income up to ₹5 lakh
• Standard Deduction: ₹50,000
• Multiple Deductions Available: 80C, 80D, HRA, etc.

 

Senior Citizens (60-80 years) - Old Regime Only

Income Slab	Tax Rate
Up to ₹3,00,000	0% (Nil)
₹3,00,001 - ₹5,00,000	5%
₹5,00,001 - ₹10,00,000	20%
Above ₹10,00,000	30%

 <<FEMA>>

Super Senior Citizens (80+ years) - Old Regime Only

Income Slab	Tax Rate
Up to ₹5,00,000	0% (Nil)
₹5,00,001 - ₹10,00,000	20%
Above ₹10,00,000	30%

 

Important Points for AY 2025-26:

1. New Tax Regime is Default: You don't need to opt for it - it applies automatically
2. Option to Switch: Salaried individuals can choose between regimes each year
3. Business Income: Can switch only once in lifetime (and revert only once)
4. Enhanced Standard Deduction: Now ₹75,000 under the new regime
5. Better Tax Slabs: The New regime has more progressive slabs

 

Which Regime Should You Choose?

Choose New Regime if:

• You have minimal deductions
• Your salary is between ₹7-15 lakh
• You prefer simplicity

Choose Old Regime if:

• You have high deductions (80C, HRA, home loan interest)
• You're claiming multiple exemptions
• Total deductions exceed ₹1.5 lakh

The tax slabs I've provided are the official rates for the Assessment Year 2025-26 as per the Income Tax Department. Make sure to calculate under both regimes to see which benefits you more!