Budget 2025 expectations: Income tax relief buzz Speaking on the expected rationalisation of the income tax slab, Pankaj Mathpal, MD & CEO at Optima Money Managers, listed out the possible income tax slab for the new income tax regime, which may bring more money into the hands of the middle class: 1] Income up to ₹4 lakh – Nil; 2] ₹4 lakh to ₹8 lakh – 5%; 3] ₹8 lakh to ₹10 lakh – 10%; 4] ₹10 lakh to ₹12 lakh – 15%; 5] ₹12 lakh to ₹15 lakh – 20%; and 6] Above ₹15 lakh – 30%.
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