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
Nidhi | Jun 14, 2025 |
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.
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.
| 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 |
| 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 |
| 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 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 |
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