Budget 2025 Tax Slab Rates. The income tax slab changes announced in budget 2023 are effective for the financial year between april 1, 2023, and march 31, 2025, and are set to remain unchanged. New income tax slab announced in budget 2025.
Individuals must pay taxes on their annual income according to the tax slab rates introduced in the finance bill during the budget session. The union budget 2025 has announced new income tax slabs under the new tax regime.
