Income Tax 2025 India Rates. 2025 budget income tax expectations live: In india, income tax is calculated based on the applicable income tax slabs and rates for a given financial year (fy) and assessment year (ay).

Experts hope that the government may enhance the tax benefits under the new income tax regime to promote savings and make it more attractive to taxpayers. It is expected that the budget 2025 should bring on reforms designed to make the new tax regime more attractive as compared to the traditional old tax regime.