Budget 2025 Income Tax Slab. The new tax income tax slabs in the new tax regime will be effective from april 1,2025 once the budget is passed by parliament and receives presidential assent. The basic exemption limit of rs 3 lakh in the new tax regime is still very low and there is a widespread expectation.
The basic exemption limit of rs 3 lakh in the new tax regime is still very low and there is a widespread expectation. Around 66 per cent of taxpayers out of the over 4 crore filers have opted for the new income tax regime for income tax return (itr).