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For financial year 24-25 (Assessment year : 25-26)

💸 Income Tax Slabs for FY 2024-25 (AY 2025-26) ✅ New Tax Regime (Default Regime) Income Slab (₹) Tax Rate 0 – 3,00,000 Nil 3,00,001 – 6,00,000 5% 6,00,001 – 9,00,000 10% 9,00,001 – 12,00,000 15% 12,00,001 – 15,00,000 20% Above 15,00,000 30% Key Features: - ₹50,000 standard deduction allowed - Most exemptions/deductions not allowed - This is the default regime unless opted out ✅ Old Tax Regime (Optional) Income Slab (₹) Tax Rate 0 – 2,50,000 Nil 2,50,001 – 5,00,000 5% 5,00,001 – 10,00,000 20% Above 10,00,000 30% Key Benefits: - Deductions like ₹1.5 lakh under 80C, 80D for health insurance, HRA, LTA, etc. Section 87A Rebate: - New Regime: Up to ₹7,00,000 income – Zero Tax - Old Regime: Up to ₹5,00,000 income – Zero Tax 📄 ITR Forms for AY 2025-26 ITR Form Suitable For ITR-1 Salaried/Pensioners with ≤ ₹50L income ITR-2 Capital gains, >1 house, foreign income ITR-3 Business/Professional income ITR-4 Presumptiv...
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