Income Tax Rates In 2025 For Individuals. The new income tax regime introduced in the union budget 2025 allows no tax for incomes up to ₹12 lakh, simplifies tax slabs, and increases the standard deduction for. Under the old tax regime, income up to ₹2.5 lakh is exempt, with.

Income tax applies to individuals based on a slab system, where different tax rates are assigned to different income ranges. The revised tax slabs under the.