NEW TAX REGIME 2024-25

Here's a reference for you to understand what has changed under the new tax regime

Proposed income tax slabs for the new tax regime
Current Tax Slabs	Current Tax Rates	Proposed Tax Slabs	Proposed Tax Rates	Change
Up to ₹ 3,00,000	NIL	Upto ₹ 3,00,000	NIL	No Change
₹3,00,000 - ₹6,00,000	5%	₹3,00,000 - ₹7,00,000	5%	Slab expanded by ₹1,00,000
₹6,00,000 - ₹9,00,000	10%	₹7,00,000 - ₹10,00,000	10%	Slab expanded by ₹1,00,000
₹9,00,000 - ₹12,00,000	15%	₹10,00,000 - ₹12,00,000	15%	Continuity
₹12,00,000 - ₹15,00,000	20%	₹12,00,000 - ₹15,00,000	20%	No Change
Above ₹15,00,000	30%	Above ₹15,00,000	30%	No Change

Source: Nangia Andersen LLP