Tax Slab (New Regime)
Definition
Income tax rate structure under the default New Tax Regime (FY 2025-26): ₹0–4L: 0%, ₹4–8L: 5%, ₹8–12L: 10%, ₹12–16L: 15%, ₹16–20L: 20%, ₹20–24L: 25%, above ₹24L: 30%.
In Context
The New Regime is the default regime. No itemised deductions allowed (except ₹75K standard deduction for salaried). Section 87A rebate available if taxable income ≤ ₹12L, making effective tax zero up to that point (the rebate does not apply to income taxed at special rates, e.g. capital gains). 4% health & education cess applies on computed tax.
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⚠️ Disclaimer: This glossary is for educational purposes. Simplify Money provides analytical insights and guidance. We have applied for SEBI RIA registration.
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