6 Financial Changes Starting April 1, 2025
New Income Tax Slabs for FY 2025-26
With the arrival of the new financial year (April 1, 2025 – March 31, 2026), there are significant changes in income tax, financial frameworks, and banking operations that will impact citizens, organizations, and market participants. Here’s an overview of the key modifications taking effect from April 1, 2025, as listed by ET.
The new financial year brings substantial revisions to the income tax slabs under the new income tax regime. The revised new income tax regime introduces updated income tax slabs for FY2025-26. Under the new structure, earnings exceeding Rs 24 lakh will attract the maximum tax rate of 30% in FY2025-26.
Income Tax Slabs for FY 2025-26
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Income (In Rs): 0-4,00,000
Tax rate (In %): 0
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Income (In Rs): 4,00,001-8,00,000
Tax rate (In %): 5
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Income (In Rs): 8,00,001-12,00,000
Tax rate (In %): 10
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Income (In Rs): 12,00,001-16,00,000
Tax rate (In %): 15
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Income (In Rs): 16,00,001-24,00,000
Tax rate (In %): 20
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Income (In Rs): Above 24,00,000
Tax rate (In %): 30
