Income Tax Slabs FY 2024-25: Old vs New Regime Comparison
- Compare the latest income tax slabs for FY 2024-25 under both the old and new regimes.
- Choose the best option for tax savings in AY 2025-26.
Introduction:
With the introduction of the simplified New Tax Regime under Section 115BAC, taxpayers now have two different tax structures to choose from. This blog will help you understand the differences in slabs, benefits, and which regime may work better for you in FY 2024-25.
🔹 Old Tax Regime:
- ₹0 – ₹2.5 lakh: NIL
- ₹2.5 – ₹5 lakh: 5%
- ₹5 – ₹10 lakh: 20%
- ₹10 lakh and above: 30%
✅ Includes deductions under 80C, 80D, HRA, etc.
🔹 New Tax Regime:
- ₹0 – ₹3 lakh: NIL
- ₹3 – ₹6 lakh: 5%
- ₹6 – ₹9 lakh: 10%
- ₹9 – ₹12 lakh: 15%
- ₹12 – ₹15 lakh: 20%
Above ₹15 lakh: 30%
❌ Most deductions not available
🧮 Which One is Better for You?
- Salaried individuals with investments: Old regime
- Individuals without major deductions: New regime
📌 Conclusion:
Evaluate your total deductions and taxable income before choosing the tax regime. Filing your ITR with the right regime can help you save thousands in tax!
