Budget 2025, Feb. 1 -- Union Finance MinisterNirmala Sitharaman announced new income tax slab rates for taxpayers under the new tax regime, offering them tax saving. InBudget 2025, standard deduction has been raised from Rs.50,000 to Rs.75,000 while tax rebate has been raised from Rs.25,000 to Rs.60,000.

As a result of these changes, there will be no income tax for salaried taxpayers who are earning upto Rs.12.75 lakh under the new tax regime.

Here we take some specific illustrations based on different income levels.

Let us suppose your income is Rs.12,75,000, your tax outgo will now be nil whereas it was Rs.80,000 based on current calculation. If your salary income is Rs.15.75 lakh, your tax outgo will be Rs.1.05 lakh whereas earlier ...