I am sharing the latest News updates of Approval of the New Income Tax Slabs for 2025-26. The National Assembly has approved the Income Tax Slabs for the salaried persons. These new income tax rates are effective for the fiscal year 2025-2026. The details are as follows:
News of Approval of New Income Tax Slabs for 2025-26
Table of New Income Tax 2025-2026
Sr. No | Income | Income Tax |
1. | 6 to 12 Laks of Income | 1% Tax |
2. | 12 to 22 Laks of Income | 6k Fixed 11% |
3. | 22 to 41 Lacks | 3.46 Lacks Fixed |
According to the bill, an annual income of Rs. 6,000 is completely exempt from income tax. 6 to 12 Lacks Income has 1% Tax. 12 to 22 lacks has 6 thousand tax. 22 to 32 lack income has 1 lack 16 thousand, and more income has 23 % Tax.
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How much difference from the previous year’s tax rate?
I shall soon update about the same.