{"id":4811,"date":"2025-08-13T01:21:15","date_gmt":"2025-08-13T01:21:15","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/13\/income-tax-slabs-old-vs-new-tax-regime-which-one-should-you-choose-for-itr-ay2025-26-tax-news\/"},"modified":"2025-08-13T01:21:15","modified_gmt":"2025-08-13T01:21:15","slug":"income-tax-slabs-old-vs-new-tax-regime-which-one-should-you-choose-for-itr-ay2025-26-tax-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/13\/income-tax-slabs-old-vs-new-tax-regime-which-one-should-you-choose-for-itr-ay2025-26-tax-news\/","title":{"rendered":"Income Tax Slabs: Old Vs New Tax Regime, Which One Should You Choose For ITR AY2025-26? | Tax News"},"content":{"rendered":"


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Last Updated:<\/span>

The income tax department has extended the last date for filing income tax returns for FY 2024-25 till September 15, 2025. Here are the slab rates applicable to the ongoing ITR.<\/h2>\n
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\"ITR<\/p>\n

ITR Filing: Old Tax Regime Vs New Regime.<\/p>\n<\/figure>\n

Old Income Tax Regime Vs New Regime:<\/strong> The income tax department has extended the last date for filing income tax returns (ITR) for FY 2024-25 till September 15, 2025, giving taxpayers an extra 45 days beyond the earlier July 31 deadline.<\/p>\n

The Central Board of Direct Taxes (CBDT) said the move comes \u201cdue to significant changes introduced in the notified ITRs and considering the time required for system readiness and rollout of ITR utilities for Assessment Year (AY) 2025-26″.<\/p>\n

Also See: How The New Income Tax Bill 2025 Impact Your Finances<\/a><\/strong><\/p>\n

New Tax Regime Remains Default<\/strong><\/p>\n

For FY 2024-25 ITR filing<\/a>s, the new tax regime will be the default option. Salaried individuals can still opt for the old regime at the time of filing. However, a belated ITR \u2014 filed after the due date \u2014 can only be submitted under the new regime.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
Income (\u20b9)<\/th>\nTax Rate (%)<\/th>\n<\/tr>\n<\/thead>\n
0-3,00,000<\/td>\n0<\/td>\n<\/tr>\n
3,00,001-7,00,000<\/td>\n5<\/td>\n<\/tr>\n
7,00,001-10,00,000<\/td>\n10<\/td>\n<\/tr>\n
10,00,001-12,00,000<\/td>\n15<\/td>\n<\/tr>\n
12,00,001-15,00,000<\/td>\n20<\/td>\n<\/tr>\n
Above 15,00,000<\/td>\n30<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Key benefits:<\/strong><\/p>\n

Standard deduction:<\/strong> Rs 75,000 for salaried and pensioners.<\/p>\n

Section 87A rebate:<\/strong> For residents with net taxable income up to Rs 7 lakh, rebate of up to Rs 20,000.<\/p>\n

NPS deduction:<\/strong> Salaried employees can claim up to 14% of basic salary under Section 80CCD(2).<\/p>\n

The government\u2019s recent announcement of \u201czero tax on incomes up to Rs 12 lakh” applies only to FY 2025-26 (income from April 1, 2025 to March 31, 2026) and does not impact the current filing year.<\/p>\n

Old Tax Regime Slabs for FY 2024-25<\/strong><\/p>\n

The old tax regime is the income tax system that offers a wide range of exemptions and deductions, allowing taxpayers to reduce their taxable income by claiming benefits such as Section 80C (up to Rs 1.5 lakh) for investments in PPF, ELSS, LIC, etc; house rent allowance (HRA); leave travel allowance (LTA); interest on home loan (Section 24); health insurance premium (Section 80D); education loan interest (Section 80E); and standard deduction (Rs 50,000 for salaried individuals).<\/p>\n

Below 60 years:<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n
Income (\u20b9)<\/th>\nTax Rate (%)<\/th>\n<\/tr>\n<\/thead>\n
0-2,50,000<\/td>\n0<\/td>\n<\/tr>\n
2,50,001-5,00,000<\/td>\n5<\/td>\n<\/tr>\n
5,00,001-10,00,000<\/td>\n20<\/td>\n<\/tr>\n
Above 10,00,000<\/td>\n30<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

60 to below 80 years:<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n
Income (\u20b9)<\/th>\nTax Rate (%)<\/th>\n<\/tr>\n<\/thead>\n
0-3,00,000<\/td>\n0<\/td>\n<\/tr>\n
3,00,001-5,00,000<\/td>\n5<\/td>\n<\/tr>\n
5,00,001-10,00,000<\/td>\n20<\/td>\n<\/tr>\n
Above 10,00,000<\/td>\n30<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

80 years and above:<\/strong><\/p>\n

\n\n\n\n\n\n\n\n
Income (\u20b9)<\/th>\nTax Rate (%)<\/th>\n<\/tr>\n<\/thead>\n
0-5,00,000<\/td>\n0<\/td>\n<\/tr>\n
5,00,001-10,00,000<\/td>\n20<\/td>\n<\/tr>\n
Above 10,00,000<\/td>\n30<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Also See: How The Latest Tax Bill 2025 Changes Income Rules<\/a><\/p>\n

Which Tax Regime Should You Choose?<\/strong><\/p>\n

The right regime for you depends on how much you earn, how much you invest or spend on eligible deductions, and your preference for simplicity vs savings.<\/p>\n

As a thumb rule, choose the new regime if you have fewer deductions and want simplicity, he added.<\/p>\n

Taxpayers are advised to use the income tax department\u2019s calculator or consult a tax advisor to make an informed choice before filing your ITR for AY 2025-26.<\/p>\n

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<\/span><\/p>\n

Mohammad Haris<\/a><\/p>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Stay updated with all the latest business news, including\u00a0market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates\u2014only on News18. Also\u00a0Download the\u00a0News18 App<\/a>\u00a0to stay updated!<\/span><\/div>\n

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Last Updated:August 12, 2025, 11:33 IST The income tax department has extended the last date for filing income tax returns for FY 2024-25 till September 15, 2025. Here are the slab rates applicable to the ongoing ITR. ITR Filing: Old Tax Regime Vs New Regime. Old Income Tax Regime Vs New Regime: The income tax…<\/p>\n","protected":false},"author":1,"featured_media":3995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-4811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/4811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=4811"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/4811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/3995"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=4811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=4811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=4811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}