Income Tax Brackets For 2025 Tax Year In India
Income Tax Brackets For 2025 Tax Year In India. Resident individual taxpayers whose total income does not exceed inr 500,000, will continue to be eligible for a tax rebate of rs 12,500 or actual tax payable, whichever is lower. The move aims to make more people opt for a newer, simpler tax system introduced in 2020.
The new tax regime and the old tax regime. There are two tax regimes: