Sun Feb 02 14:47:39 IST 2025: ## India Unveils New Tax Slabs in Union Budget 2025
**NEW DELHI, February 1, 2025** – Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 today, introducing significant changes to the country’s tax structure. A key highlight is the complete tax exemption for individuals earning up to ₹12 lakh per annum (₹12.75 lakh for salaried individuals considering standard deductions).
The new tax slabs are as follows:
* **₹0-₹4 lakh:** No tax
* **₹4 lakh-₹8 lakh:** 5% tax
* **₹8 lakh-₹12 lakh:** 10% tax
* **₹12 lakh-₹16 lakh:** 15% tax
* **₹16 lakh-₹20 lakh:** 20% tax
* **₹20 lakh-₹24 lakh:** 25% tax
* **Above ₹24 lakh:** 30% tax
This revised structure offers significant relief to the middle class, while higher earners will face progressively higher tax rates. The budget, presented digitally in a traditional pouch, marks a modern approach to fiscal policy.
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