Income Tax Slabs for FY 2024-25 (Old Tax Regime)
| Income | Old (Age < 60) |
Old (Age 60 to 80) |
Old (Age 80 and Above) |
|---|---|---|---|
| Up to ₹2.5 lakhs | No Tax | No Tax | No Tax |
| ₹2.5 lakhs to ₹3 Lakhs | 5% | No Tax | No Tax |
| ₹3 lakhs to ₹5 lakhs | 5% | 5% | No Tax |
| ₹5 lakhs to ₹10 lakhs | 20% | 20% | 20% |
| Above ₹10 lakhs | 30% | 30% | 30% |
Income Tax Slabs for FY 2024-25 (New Tax Regime)
| Income | New Scheme | Applicability |
|---|---|---|
| Up to ₹3 lakhs | No Tax | Applicable to All Persons |
| ₹3 lakhs to ₹7 Lakhs | 5% | |
| ₹7 lakhs to ₹10 lakhs | 10% | |
| ₹10 lakhs to ₹12 lakhs | 15% | |
| ₹12 lakhs to ₹15 lakhs | 20% | |
| Above ₹15 Lakhs | 30% |
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