Income Tax Slabs FY 2024-25
New Regime
โน0 โ โน3L: 0% | โน3L โ โน7L: 5% | โน7L โ โน10L: 10% | โน10L โ โน12L: 15% | โน12L โ โน15L: 20% | Above โน15L: 30%
Old Regime
โน0 โ โน2.5L: 0% | โน2.5L โ โน5L: 5% | โน5L โ โน10L: 20% | Above โน10L: 30%
Which regime is better โ new or old?
New regime is better if you have fewer deductions. Old regime is better if you claim 80C, HRA, and other deductions worth more than โน3.75 lakh.
What is standard deduction in new regime?
A standard deduction of โน75,000 is available for salaried individuals under the new tax regime from FY 2024-25.