The new law aims to make income tax rules easier to understand, reduce legal disputes, and help people comply with tax rules more easily. New Revised Income Tax Slabs, Rates FAQs: The revised tax framework introduces a higher tax exemption limit of Rs 12.75 lakh and a newly structured 25% tax slab, aligning with earlier expectations.
Revised Income Tax Slabs and Rates Explained: In her Union Budget 2025 speech, Finance Minister Nirmala Sitharaman introduced a revised tax structure aimed at reducing the burden on taxpayers.
What is the new tax regime in 2025?
Under the updated tax regime, individuals earning up to Rs 12 lakh will be fully exempt from income tax. Additionally, salaried employees will benefit from a standard deduction of Rs 75,000, effectively raising the tax-free income threshold to Rs 12.75 lakh. This move is expected to provide significant relief to the middle class while boosting disposable income, consumer spending, and savings.
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