Income Tax Slabs for FY 2024-25: Simplified Guide
Income tax is a progressive tax applied based on income levels. India offers two tax regimes: Key Highlights for FY 2024-25 New Regime Tax Slabs (FY 2024-25) Income Slab Tax Rate Up to ₹3,00,000 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% Old…