Tax Slab (Old Regime)
Definition
Income tax rate structure under the Old Tax Regime (available as opt-in for FY 2025-26): ₹0–2.5L: 0%, ₹2.5–5L: 5%, ₹5–10L: 20%, above ₹10L: 30%.
In Context
The Old Regime allows extensive deductions (80C, 80D, 80G, HRA, LTA, etc.) that can significantly reduce taxable income. Section 87A rebate available if taxable income ≤ ₹5L. Best for taxpayers with large deduction claims. 4% health & education cess applies.
Related Terms
Want this in plain language?
Ask Kuber.AI to explain how Tax Slab (Old Regime) works, in the language you think in.
Download Kuber.AI
⚠️ Disclaimer: This glossary is for educational purposes. Simplify Money provides analytical insights and guidance. We have applied for SEBI RIA registration.