Income Tax Brackets 2025 India

Income Tax Brackets 2025 India. In india, income tax is calculated based on the applicable income tax slabs and rates for a given financial year (fy) and assessment year (ay). According to bankbazaar, three important income tax changes that need to be brought in budget 2025 are;

Income up to ₹4 lakh is now exempt, and the updated structure reduces tax. In india, income tax is calculated based on the applicable income tax slabs and rates for a given financial year (fy) and assessment year (ay).