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Income-tax slabs and rates for AY 2025-26: New Tax Regime vs Old Tax Regime - Full list here
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4 min read | Updated on February 01, 2025, 06:09 IST
SUMMARY
Income-tax slabs and rates AY 2025-26: Check all the tax slabs and rates that will apply while filing the income tax return for AY 2025-26 (FY 2024-25) under both the old tax regime and the new tax regime.
You can check your tax liability for AY 2025-26 using the tax calculator. | Image source: Shutterstock
Income-tax slabs and rates AY 2025-26: Income-tax slabs and rates announced in the previous year's budget will apply when filing taxes for Financial Year (FY) 2024-25 or Assessment Year (AY) 2025-26. The due date of filing taxes for AY 2025-26 is July 31.
The following is the list of tax slabs and rates for general taxpayers and senior citizens for AY 2025-26.
Income-tax slabs and rates for individuals below 60 years in New Tax Regime
| Income-tax slab | Income-tax rate | Surcharge |
|---|---|---|
| Up to ₹ 3,00,000 | Nil | Nil |
| ₹ 3,00,001 - ₹ 7,00,000** | 5% above ₹ 3,00,000 | Nil |
| ₹ 7,00,001 - ₹ 10,00,000 | ₹ 20,000 + 10% above ₹ 7,00,000 | Nil |
| ₹ 10,00,001 - ₹ 12,00,000 | ₹ 50,000 + 15% above ₹ 10,00,000 | Nil |
| ₹ 12,00,001 - ₹ 15,00,000 | ₹ 80,000 + 20% above ₹ 12,00,000 | Nil |
| ₹ 15,00,001- ₹ 50,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | Nil |
| ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 10% |
| ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 15% |
| Above ₹ ₹ 200,00,001 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 25% |
Income-tax slabs and rates for senior citizens aged above 60 years in New Tax Regime
| Income-tax slab | Income-tax rate | Surcharge |
|---|---|---|
| Up to ₹ 3,00,000 | Nil | Nil |
| ₹ 3,00,001 - ₹ 7,00,000** | 5% above ₹ 3,00,000 | Nil |
| ₹ 7,00,001 - ₹ 10,00,000 | ₹ 20,000 + 10% above ₹ 7,00,000 | Nil |
| ₹ 10,00,001 - ₹ 12,00,000 | ₹ 50,000 + 15% above ₹ 10,00,000 | Nil |
| ₹ 12,00,001 - ₹ 15,00,000 | ₹ 80,000 + 20% above ₹ 12,00,000 | Nil |
| ₹ 15,00,001- ₹ 50,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | Nil |
| ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 10% |
| ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 15% |
| Above ₹ ₹ 200,00,001 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 25% |
Income-tax slabs and rates for individuals aged below 60 years in Old Tax Regime
| Income Tax Slab | Income Tax Rate | Surcharge |
|---|---|---|
| Up to ₹ 2,50,000 | Nil | Nil |
| ₹ 2,50,001 - ₹ 5,00,000** | 5% above ₹ 2,50,000 | Nil |
| ₹ 5,00,001 - ₹ 10,00,000 | ₹ 12,500 + 20% above ₹ 5,00,000 | Nil |
| ₹ 10,00,001- ₹ 50,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | Nil |
| ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 10% |
| ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 15% |
| ₹ 200,00,001- ₹ 500,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 25% |
| Above ₹ 500,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 37% |
Income-tax slabs and rates for senior citizens in Old Tax Regime
| Income-tax slab | Income-tax rate | Surcharge |
|---|---|---|
| Up to ₹ 3,00,000 | Nil | Nil |
| ₹ 3,00,001 - ₹ 5,00,000** | 5% above ₹ 3,00,000 | Nil |
| ₹ 5,00,001 - ₹ 10,00,000 | ₹ 10,000 + 20% above ₹ 5,00,000 | Nil |
| ₹ 10,00,001- ₹ 50,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | Nil |
| ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 10% |
| ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 15% |
| ₹ 200,00,001- ₹ 500,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 25% |
| Above ₹ 500,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 37% |
You can check your tax liability for AY 2025-26, using the following income-tax calculator:
Income Tax Calculator
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It is expected that Finance Minister Nirmala Sitharaman may tweak some of the tax slabs and rates mentioned above in Budget 2025. Check all updates on expected changes in the upcoming Budget on February 1, 2025, here.
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