DISCUSSION TOPICS
- INCOME TAX SLABS AY 2025-26
- WHAT ARE THE CHANGES IN INCOME TAX SLABS
- SPECIALS TAX RATES CHANGES WITH EXAMPLE
- HOLDING PERIOD CHANGE FOR TAX PURPOSE
- WHEN ITR FILING WILL BE STARTED FOR AY 2025-26
AY 2025-26 Tax Rates and Slab Changed
TAX REGIME FOR AY 2025-26
OLD TAX REGIME
- Old Tax Regime [HRA+LTA+80C+80D+80TTA+Home Loan Tax Benefits everything allowed.
- 87a Tax Rebate allowed up to 5 lakh Income including STCG Gain.
| Slabs | Individuals Age below 60 Years | Resident Senior Citizens 60 but <80 Years | Resident Senior Citizens >80 Years |
| Up to 2,50,000 | Nil | Nil | Nil |
| Rs 2.50,001 to 3,00,000 | 5% | Nil | Nil |
| Rs 3,00,001 to 5,00,000 | 5% | 5% | Nil |
| Rs 5,00,001 to 10,00,000 | 20% | 20% | 20% |
| Above Rs 10,00,000 | 30% | 30% | 30% |
Also Read :- Who needs to file ITR in India
NEW TAX REGIME [no deduction allowed]
- Standard deduction for salaried Individuals up to Rs.75000/- (FY 2024-25 onwards).
- Standard deduction on such pension Rs 25000/- or 1/3rd of pension whichever is lower. (FY 2024-25 onwards)
| Tax Slab FY 2023-24 | Tax Rates | Tax Slab FY 2024-25 | Tax Rates |
| Up to 3lakh | Nil | Up to 3Lakh | Nil |
| 3lakh to 6lakh | 5% | 3lakh to 7lakh | 5% |
| 6lakh to 9lakh | 10% | 7lakh to 10lakh | 10% |
| 9lakh to 12lakh | 15% | 10lakh to 12lakh | 15% |
| 12lakh to 15lakh | 20% | 12lakh to 15lakh | 20% |
| More than 15lakh | 30% | More than 15lakh | 30% |
CHANGES IN HOLDING PERIOD
- Listed Assets: – The holding period for all listed securities, including STOCKS, BONDS, EQUITY ETFs and UNIT OF REAL ESTATE INVESTMENT TRUST and INFRASTRUCTURE INVESTMENT TRUSTS is now set at 12MONTHS.
This is a reduction form the pervious requirements of 36MONTHS for certain asset. - Other 0Assets: – for all others assets including GOLD, UNLISTED SHARE, and IMMOVABLE PROPERTY, the holding period has been standardized to 24MONTHS down from 36MONTHS for some categories.
CHANGES IN TAX RATES
| Types of Gain | Previous Rates | New Rate | Exemption Limit |
| Long Term capital gain | 10% | 12.5% | 1.25 lakh |
| Short Term capital gain | 15% | 20% | N/A |
- Removal of Indexation Benefit: – The indexation benefits, which allowed Taxpayers of adjust the cost of acquisition for inflation, has been removed.
Also Read:- Fine and Penalties: Not filing Income Tax Return
NPS CONTRIBUTION
- NPS Contribution: – The deduction limit for employer contributions to the National Pension System has Increased from 10% to 14%, allowing employees to save more on their taxes
WHEN ITR FILING STARTED
- For FY 2024-25 (31st March 2025)
- ITR Filing started Date – 1st April 2025
- ITR Filing Last Date – 31st July 2025
- ITR Filing Belated Date – 31st Dec 2025
Contact Us
ITR Filing and Tax Planning
TAXCURE INDIA
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