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A comparison after Union Budget 2025
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Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the new tax regime.
The income tax slabs proposed in the Union Budget 2025 under the new tax regime include a ₹60,000 rebate for income up to ₹12 lakh ( ₹12.75 lakh for salaried individuals) under Section 87A.
This makes the old tax regime, which has 5 per cent, 20 per cent,
and 30 per cent slabs and allows deductions for tax-saving investments, less attractive in comparison.
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