Union Budget 2025, Feb. 1 -- During the Budget speech, Nirmala Sitharaman announced the new tax rates.

0-4 lakh Nil

4 to 8 lakh 5 per cent

8-12 10 percent

12-16 lakh 15 per cent

16-20 lakh 20 percent

20-24 lakh 25 per cent

Above 24 lakh 30 per cent

Upto Rs.12 lakh: To tax payers upto Rs.12 lakh of normal income (other than special rate income such as capital gains) tax rebate is being given apart from the benefit as a result of the slab rate reduction in such a manner that there is no tax payable by them.

A tax payer in the new regime with an income of Rs.12 lakh will get a benefit of Rs.80,000 in tax (which is equivalent to 100 per cent of tax payable as per existing rates).

"Tax Rebate which is currently Rs.25,000 has been rai...