Budget 2025: How is the new income tax slab different from old version?

Finance minister Nirmala Sitharaman will present the Union Budget on February 1. The salaried class will expect more income tax reliefs in the budget announcements. Last year, Sitharaman in her budget speech proposed a new tax structure under the new income tax regime. The new structure came into effect from April 1, 2024.

“The standard deduction for salaried employees is proposed to be increased from ₹50,000/- to ₹75,000/-. Similarly, deduction on family pension for pensioners is proposed to be enhanced from ₹ 15,000/- to ₹ 25,000/-. This will provide relief to about four crore salaried individuals and pensioners,” the finance minister said in her budget speech.