BUDGET 2025 : NEW TAX PROTOCOL

New Tax Slab 2025

O TO 4 LAKH INCOME NIL

4 TO 8 LAKH INCOME 5%

8 TO 12 LAKH INCOME 10%

12 TO 16 LAKH INCOME 15%

16 TO 20 LAKH INCOME 20%

20 TO 24 LAKH INCOME 25%

ABOVE 24 LAKHS INCOME 30%

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# For Rs 12 LAKH THE TAX WILL BE RS. 80000 AND ALSO RS. 80000 TAX CREDIT WILL BE GIVEN SO THE FINAL PAYABLE TAX IS ZERO.

ALSO FOR SALARY INCOME ADDITIONAL 75000 DIRECT DEDUCTION FROM INCOME WILL BE GIVEN SO Rs 12.75 LAKH WILL BE TAX FREE

# IN TERMS OF CAPITAL GAINS IT WILL BE TAXABLE UNDER THE STCG AND LTCG

# FOR PENSION AND FAMILY PENSION RS 1 LAKH PER MONTH WILL BE TAX FREE PREVIOUSLY IT WAS Rs 50K PER MONTH.