Changes in Income Tax Slabs for FY 2024-25 Under the New Tax Regime; Check Before ITR Filing:

Changes in Income Tax Slabs for FY 2024-25 Under the New Tax Regime; Check Before ITR Filing When you are filing your Income Tax Return (ITR) for the Assessment Year 2025-26 (FY 2024-25), you need to use the income tax slabs for FY 2024-25. If you are filing your ITR now for FY 2024-25, you cannot claim the new Rs. 12 lakh rebate, as this rebate is for incomes earned during the FY 2025-26. However, under the new tax regime, you can still claim the existing tax rebate under section 87A for income up to Rs. 7 lakh.

Also Read

Know These Three Important Forms Before Filing Your ITR

The new income tax slabs announced in Budget 2025 will only apply from April 1, 2025, so they will not be applicable for the ITR you are filing now.

Tax Slab in New Tax Regime for ITR Filing 2025

Income slabs (In Rs)	Income Tax Rate (In %)
0 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
15,00,001 and above	30

Tax Slab in Old Tax Regime for ITR Filing 2025

Income slabs (In Rs)	Income Tax Rate (In %)
0 to 2,50,000	0
2,50,001 to 5,00,000	5
5,00,001 to 10,00,000	20
10,00,001 and above	30

Also Read

Income Tax Alert: Pay First Advance Tax Installment of FY 25-26 by Due Date To Avoid Penalty

Income Tax Slabs for Senior Citizens (Between ages of 60 and 80 years)

Income slabs (In Rs)	Income Tax Rate (In %)
0 to 3,00,000	0
3,00,001 to 5,00,000	5
5,00,001 to 10,00,000	20
10,00,001 and above	30

Income Tax Slabs for Super Senior Citizen (above age of 80 years)

Income slabs (In Rs)	Income Tax Rate (In %)
0 to 5,00,000	0
5,00,001 to 10,00,000	20
10,00,001 and above	30

Remember These Things Before Filing ITR

• The due date of ITR filing has been extended by the Income Tax Department from July 31, 2025, to September 15, 2025, for salaried employees, individuals and taxpayers who are not subject to auditing.

• The budget 2024 increased the standard deduction to Rs. 75,000 under the new tax regime. A salaried individual can claim a deduction of up to 14% of their basic salary if the ITR is filed under the new tax regime.

• To opt for the old tax regime, file your ITR before the due date i.e., on or before September 15, 2025 as the new tax regime is the default tax regime and if the ITR is filed after the due date, then it will be considered as belated return, which can only be filed under the new tax regime.