New Tax Brackets 2025 Vs 2025 Taxes. Among the most awaited announcements for budget 2025 is a possible reduction in income tax for individuals earning up to rs 15 lakh annually. As budget 2025 nears, more changes to the new tax regime are expected to simplify taxes and benefit salaried employees and pensioners.
Old, new income tax regimes: In 2025, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (table 1).