Frequently Asked Questions (FAQs)

What are the New Tax Regime slabs for FY 2024-25 (AY 2025-26)?
Standard Deduction: ₹75,000. Slabs: Up to ₹3L: Nil; ₹3L-₹7L: 5%; ₹7L-₹10L: 10%; ₹10L-₹12L: 15%; ₹12L-₹15L: 20%; Above ₹15L: 30%. Section 87A rebate covers tax up to ₹7 Lakhs taxable income.