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Income Tax Changes In Budget 2025: New Slabs Decoded — Nil Tax Up To Rs 12 Lakh, Savings On Higher Income
The 2025 Union Budget, presented amid the cloud over urban consumption, has overhauled the income tax slabs and rates to increase the disposable income of the middle class. Check the key highlights.
01 Feb 2025, 07:27 PM IST 
A taxpayer under the new tax regime with an income of Rs 12 lakh will get a benefit of Rs 80,000 in tax, which is 100% of tax payable as per existing rates, Finance Minister Nirmala Sitharaman said. (Photo source: PTI)
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The Income Tax slabs under the new tax regime have been overhauled, in a bid to provide massive relief to the middle class. A taxpayer in the new regime with an income of Rs 12 lakh will get a benefit of Rs 80,000 in tax for assessment year 2025-26, which is 100% of tax payable as per existing rates, Sitharaman said.
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Income Tax Slabs Rejig To Hike In Exemption Limit — Key Highlights
Thank you for tuning into NDTV Profit's live coverage of income tax-related announcements in the Union Budget. From the expansion of tax slabs to the hiking of TDS threshold limits, here's a quick roundup of all the things that have changed around personal taxes.
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Income Tax Slabs Rejig To Hike In Exemption Limit — All About The Budget Bonanza For Middle Class
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Income Tax Slabs Rejig To Hike In Exemption Limit — All About The Budget Bonanza For Middle Class
New Income Tax Slabs Decoded — Here's How Much You Will Save
Check The Revised Slabs Under The New Tax Regime
Aim Is To Benefit Middle Class: FM On Tax Rejig
"While the exemption applies up to Rs 12 lakh, the rates across income bands have been reduced, ensuring lower taxes for all. The aim is to benefit the middle class without letting higher incomes escape taxation. The new system simplifies and reduces tax incidence for all," Finance Minister Nirmala Sitharaman said, while speaking to state broadcaster Doordarshan.
TDS Threshold On Rent To Be Hiked To Rs 6 Lakh
The annual limit of Rs 2.4 lakh for TDS on rent is being increased to Rs 6 lakh, Sitharaman announced earlier in the day, during her Budget speech. This will reduce the number of transactions liable to TDS, thus benefitting small tax payers receiving small payments.
