February 1, 2025 4:13 PM

Old vs New Tax Regime: What has changed for the middle class in budget 2025-26

In a major move to ease the tax burden on middle-class taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced fresh tax slabs under the new tax regime in the Union Budget 2025-26. The new tax slabs aim to provide relief to individuals earning up to Rs 12 lakh annually, with the exemption limit set at Rs 12.75 lakh for salaried individuals (including standard deductions). Finance Minister Sitharaman said that after the changes made under the new tax regime, there will be a saving ...