Expected Tax Brackets For 2025

Expected Tax Brackets For 2025. This means that the income thresholds for each tax rate will be slightly. How will tax brackets change in 2025?

Finance minister nirmala sitharaman is under pressure to reduce income tax rates for individuals earning up to rs 15 lakh annually. In contrast, the new tax regime introduces lower tax rates (0% to 30%) but reduces exemptions, simplifying the filing process and catering to those in lower income brackets.