New tax regime 2024: Compare the revised income tax slabs and

Compare the revised income tax slabs and rates for FY 2024 -25 under the new and old tax regimes in India. Learn about the key changes, exemptions, deductions, and surcharge rates for different categories of taxpayers. Compare the new and old tax regimes for FY 2024 -25 and AY 2025-26, with revised slabs, deductions and exemptions. Learn how to calculate your income tax , surcharge and cess under the new tax regime . Under the new tax regime (section 115BAC), which is now the default for individuals, HUFs, AOPs, BOIs, and artificial juridical persons, the exemption limit is ₹3 lakh, with slabs of 5% on income from ₹3 lakh to ₹7 lakh, 10% on income from ₹7 lakh to ₹10 lakh, 15% on income from ₹10 lakh to ₹12 lakh, 20% on income from ₹12 lakh to ₹15 lakh, an... Compare the new default tax regime (Section 115BAC) and the old regime . Understand the differences in tax rates, surcharge, and a comprehensive list of allowed vs. disallowed deductions.