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Karunakar

1% Betterย โ€ขย 5m

Revised Income Tax Slabs under the New Regime (FY 2025-26): Annual Income (โ‚น) Tax Rate 0 โ€“ 1,200,000 = 0% 1,200,001 โ€“ 1,500,000 = 5% 1,500,001 โ€“ 2,000,000 =10% 2,000,001 โ€“ 2,500,000 =15% 2,500,001 โ€“ 3,000,000 =20% Above 3,000,000 =30% These adjustments effectively raise the tax exemption limit to โ‚น1.2 million, providing substantial relief to taxpayers. Key Highlights: Increased Disposable Income: The revised tax slabs are designed to enhance the spending power of the middle class, thereby stimulating economic growth. Economic Growth Focus: The budget emphasizes inclusive development and encourages private investment to bolster the economy. These reforms are part of the government's broader strategy to invigorate the economy by increasing consumer spending and attracting private investments.

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