Latest income tax slabs and filing dates

Posted on June 28, 2025 by admin

Income Tax Slabs & Return Filing Dates for FY 2024–25 (AY 2025–26)

As a taxpayer, staying updated with the latest income tax slabs and filing deadlines is crucial to avoid penalties and plan your finances. For Financial Year 2024–25 (Assessment Year 2025–26), the government continues with both the Old Tax Regime and the New Tax Regime.

Here’s a quick breakdown of the tax slabs and important due dates for salaried individuals, freelancers, and businesses.

🧾 New Tax Regime Slabs (Default in 2025)

The New Regime offers lower tax rates but removes most deductions (like 80C, HRA, etc.). It is now the default regime unless you opt out.

Income Slab (₹)Tax Rate
0 – 3,00,000Nil
3,00,001 – 6,00,0005%
6,00,001 – 9,00,00010%
9,00,001 – 12,00,00015%
12,00,001 – 15,00,00020%
Above 15,00,00030%

⚠️ Rebate: Under Section 87A, if your income is up to ₹7 lakh (after deductions), you pay zero tax under the new regime.

📜 Old Tax Regime Slabs (Optional)

The old regime allows you to claim deductions like 80C, 80D, HRA, LTA, etc., but has higher tax rates.

Income Slab (₹)Tax Rate
0 – 2,50,000Nil
2,50,001 – 5,00,0005%
5,00,001 – 10,00,00020%
Above 10,00,00030%

⚠️ Rebate: If total income is up to ₹5 lakh (after deductions), you pay zero tax under Section 87A.

📅 Income Tax Return Filing Deadlines (2025)

  • 31 July 2025: Due date for individuals (salaried, freelancers) not requiring audit
  • 31 October 2025: Due date for businesses or professionals requiring audit
  • 30 November 2025: Due date for filing revised or belated returns for FY 2024–25

✅ Quick Tax Tips

  • Use the new regime if you don’t have many deductions — it’s simpler and lower-taxed
  • Use the old regime if you claim 80C, home loan, HRA, NPS, etc.
  • Use the income tax calculator from incometax.gov.in