Budget 2025 Income Tax Calculator for Salaried Individuals
Budget 2025 has brought a sigh of relief for the salaried tax payers as the finance minister Nirmala Sitaraman has introduced key changes to the income tax slabs. This has been met with great joy by the salaried taxpayers across the length and breadth of the country.
Budget 2025, New Tax Slabs
The new tax slabs introduced in the budget 2025 are as;
| Taxable Income | New Tax rate |
|---|---|
| 0 – 4 Lakh | Nil |
| 4 – 8 Lakh | 5% |
| 8 – 12 Lakh | 10% |
| 12 – 16 Lakh | 15% |
| 16 – 20 Lakh | 20% |
| 20 – 24 Lakh | 25% |
| Above 24 Lakh | 30% |
Under the new regime introduced today, there will be no tax for income upto 4 Lakh rupees. For income between 4 lakh and 8 lakh, income tax will be charged @ 5%. similarly the income between 8 to 12 lakh rupees will attract a tax of 10%, so on and so forth. An income above 24 lakh rupees will be taxed at the rate of 30%.
In addition, the standard deduction of 75000 rupees has been kept intact. It means that individuals having salary up to 1275000 will now pay no tax. But the individuals having income more than 1275000 will pay the taxes as per the above slabs.
Updated & New Income Tax Calculator
In case, you want to calculate the income tax as per the new slabs introduced in budget 2025, then the calculator provided above is for you. You can use to calculate the income tax payable by you.
Just enter the gross salary that you receive for an year and then tick the standard deduction check box, and then click on the calculate button. You will get your slab wise tax to be paid by you in the result section.
So, this was all about the income tax calculator for the salaried individuals. We are sure that you have loved using this tool.