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Everything you need to know about Indian Income Tax — in one place.
The new Income Tax Act, 2025 brought sweeping changes. Explore the updated slabs, key differences from the previous Act, important deadlines and answers to common questions.
Income Tax Act, 2025
The new Act replaces the 1961 framework — simpler language, modern structure, fewer sections.
Updated Slabs
Revised rates and rebate thresholds under the new regime for FY 2025-26.
Key Changes
Side-by-side: what's different from the Income Tax Act, 1961.
Deadlines
ITR filing, advance tax, TDS and audit due dates you can't miss.
FAQs
Quick answers to the questions taxpayers ask most often.
Blog
Latest articles, explainers and updates from our team.
Slabs — FY 2025-26
Updated tax slabs under the new regime
The Income Tax Act, 2025 raises the basic exemption to ₹4 lakh and the rebate threshold under section 87A to ₹12 lakh, making income up to ₹12 lakh effectively tax-free for resident individuals.
| Income Slab (₹) | Tax Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Surcharge and 4% Health & Education Cess apply additionally. Standard deduction of ₹75,000 is available for salaried individuals.
What's new
Key changes from the previous Act
A high-level comparison of the most impactful shifts between the Income Tax Act, 1961 and the new Income Tax Act, 2025.
Before
Income Tax Act, 1961 — 800+ sections, complex cross-references
Now
Income Tax Act, 2025 — ~536 sections, plain-language drafting
Before
Assessment Year & Previous Year terminology
Now
Single concept of 'Tax Year' aligned with the financial year
Before
Rebate u/s 87A up to ₹7 lakh income
Now
Rebate u/s 87A extended up to ₹12 lakh income
Before
Basic exemption ₹3 lakh (new regime)
Now
Basic exemption raised to ₹4 lakh
Before
Standard deduction ₹50,000 (old) / ₹75,000 (new)
Now
Standard deduction ₹75,000 retained under new regime
Before
Multiple TDS rates and schedules scattered across chapters
Now
Consolidated TDS framework with simplified rate tables
Before
Faceless assessment introduced via amendments
Now
Faceless processes codified as default in the new Act
Mark your calendar
Important deadlines for FY 2025-26
Missing a deadline can mean interest, penalty or losing the ability to carry forward losses. Set reminders early.
15 Jun 2025
Q1 Advance Tax
15% of estimated annual tax liability.
31 Jul 2025
ITR Filing (non-audit)
Individuals & HUFs not requiring audit.
15 Sep 2025
Q2 Advance Tax
Cumulative 45% of tax liability.
30 Sep 2025
Tax Audit Report
For taxpayers subject to audit u/s 44AB.
31 Oct 2025
ITR Filing (audit cases)
Businesses & professionals requiring audit.
15 Dec 2025
Q3 Advance Tax
Cumulative 75% of tax liability.
31 Dec 2025
Belated / Revised ITR
For FY 2024-25 returns.
15 Mar 2026
Q4 Advance Tax
100% of tax liability.
FAQ
Frequently asked questions
Quick answers to common Income Tax questions.
From the blog
Latest articles & updates
Auto-published from coraltax.blogspot.com.