New INCOME TAX SLAB RATES AS PER FINANCE BILL 2025
New Income Tax Bill 2025 Download As Introduced in Parliament
Rate in New Tax REgime
Clause 202 of the Income-tax Bill, 2025 outlines the income tax rates for certain individuals, Hindu undivided families, associations of persons, bodies of individuals, and artificial juridical persons. These rates are applicable unless the person chooses to exercise an option as provided in sub-section (4). The tax rates are as follows:
| Income | Tax Rate |
|---|---|
| Up to ₹ 4,00,000 | Nil |
| Between ₹ 4,00,001 and ₹ 8,00,000 | 5% |
| Between ₹ 8,00,001 and ₹ 12,00,000 | 10% |
| Between ₹ 12,00,001 and ₹ 16,00,000 | 15% |
| Between ₹ 16,00,001 and ₹ 20,00,000 | 20% |
| Between ₹ 20,00,001 and ₹ 24,00,000 | 25% |
| Above ₹ 24,00,000 | 30% |
It is important to note that the total income for the purposes of these rates is computed without any exemption or deduction under certain provisions, including those in Schedule III (Table: Sl. No. 5 or 6 or 7 or 8 or 11 or 17).