The Government of India has announced the implementation of new rules of income tax, which will be effective from the financial year 2025-26. Under these rules, many people will not have to pay tax. This change has been made under the New Tax Resetam, in which the tax slab has been simplified and the tax rates have been reduced. In this article, we will tell you which people will not have to pay tax and what is the plan of the government.
With these new rules, the tax slab has been replaced in the New Tax Regime, so that there will be no tax on income up to Rs 12 lakh. Apart from this, standard deduction has also been increased to Rs 75,000, which will provide further relief to people with salary. This change has been made under the Income Tax Act 2025, designed to make the tax system simple and transparent.
Income Tax New Rules 2025
Under the new Rules 2025 of Income Tax, several changes have been made in the new tax regime. The following are some of these major changes:
| Speciality | Description |
| Tax slab | 0 – 4 lakh rupees: No tax, 4 – 8 lakh rupees: 5% tax, 8 – 12 lakh rupees: 10% tax |
| Standard deduction | Standard deduction of Rs 75,000 |
| Tax rabet | Tax rabet up to Rs 60,000, due to which no tax on income up to Rs 12 lakh |
| Basic exgamption limit | No tax on income up to Rs 4 lakh |
| Surecharge rate | 25% highest surcharge rate |
| tax filing | No change in tax return time limit |
Benefits of new rules of income tax
There are many benefits under New Tax Regime:
- Simplification: It simplifies the regime tax system and makes the compliance easier.
- Low tax rates: Tax rates are low, which gives relief to taxpayers.
- Standard deduction: The standard deduction of Rs 75,000 is beneficial for people with salary.
- Tax Rebet: Tax rabet up to Rs 60,000, so that there is no tax on income up to Rs 12 lakh.
Loss of new rules of income tax
There are also some disadvantages under New Tax Regime:
- Low deduction: The number of deductions in this regime is low, causing damage to some people.
- Compliance: Although this regime is simple, some people may face compliance issues.
Which people will not have to pay tax?
Under the New Tax Reseem, people whose income is less than Rs 12 lakh, will not have to pay any tax. Apart from this, there is a standard deduction of Rs 75,000 for people with salary, reducing their taxable income. This change will be beneficial for people of low and middle income groups.
The main point of income tax law 2025
Several significant changes have been made under the Income Tax Act 2025:
- Simplified Tax Law: This law simplifies tax laws and removes old provisions.
- Integrated Tax Year: This law introduces the concept of integrated tax year, making the tax system simple for new businesses.
- TDS and TCS Provisions: It has also made changes in the provisions of TDS and TCS.
Future of new rules of income tax
New rules of income tax are designed to make India’s tax system more transparent and simplified. This change will be beneficial for taxpayers and will promote economic growth.
Preparation for new income tax rules
Under the New Tax Period, taxpayers will have to rebuild their tax plan. They have to evaluate their income and expenditure and decide which tax regime will be better for them.
Advice for new rules of income tax
Under the New Tax Reset, taxpayers should take care of the following things:
- Consult a tax advisor.
- Evaluate your income and expenditure.
- Choose the tax regime carefully.
- File tax returns on time.
Government plan for new rules of income tax
The government’s plan is to make the tax system more transparent and simplified. For this, the Income Tax Act is being implemented on 2025, which will be beneficial for taxpayers and will promote economic growth.
Conclusion for new rules of income tax
New rules of income tax are designed to make India’s tax system more transparent and simplified. This change will be beneficial for taxpayers and will promote economic growth. Under the New Tax Regim, taxpayers must rebuild their tax plan and consult the tax advisor.
Disclaimer: This article is written only for the purpose of providing information. For detailed information about the new rules of income tax, you should consult a tax advisor. The scheme is real and is being implemented by the Government of India.
