
New Tax Rules in India: Save More Starting 2025!
The new income tax regime in India will introduce updated tax slabs starting April 1, 2025. If an individual earns up to ₹12 lakh, they won't have to pay any tax if they select this new system. Many taxpayers, however, prefer the old regime due to its various deductions and exemptions. Yet, with the reduced slab rates for incomes up to ₹24 lakh in the new regime, it may be worth considering a switch. The choice between the two tax systems depends on personal income sources and eligibility for deductions, with the new regime offering a simpler approach and possibly greater tax savings for those with fewer deductions.