Tax Rates For Ay 2024-25 202425 India. The new tax regime aims to simplify income tax for individual taxpayers by offering lower tax rates in exchange for preceding most deductions and exemptions. Here's our latest guide on the new income tax slab for both old and new tax regimes for individuals below 60 years and senior citizens.

Make new tax regime the default tax regime for the. The new tax regime aims to simplify income tax for individual taxpayers by offering lower tax rates in exchange for preceding most deductions and exemptions.