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Apr 01, 2025
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New FY 2025: New income tax slabs, zero tax on income up to Rs 12 lakh, 9 other income tax laws effective from April 1, 2025
April 1, 2025, marks the beginning of the new fiscal year. With the start of the new financial year, many new income tax laws come into effect. It is important to keep a note of these new income tax laws. This is because the new income tax laws impact how tax is deducted from various sources of income, such as salary, interest income, etc. Further, how much tax you will pay for incomes earned during FY 2025-26.
Here are the eleven income tax laws that become effective today.
1. New income tax slabs under new tax regime
The new tax regime will have new income tax slabs. The highest tax rate of 30% will apply to income above Rs 24 lakh.
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