ITR Filing: Income tax slabs for salaried individuals under new regime and old regime
The Income Tax (I-T) Department has extended the deadline for filing income tax return (ITR) for FY 2024-25. The revised due date is now September 15, 2025, extended from the original deadline of July 31, 2025, giving taxpayers an extra 45 days to complete their filings.
The Central Board of Direct Taxes (CBDT) extended the deadline for filing returns due 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.
Income tax slabs in new regime
The new tax regime is the default option for taxpayers. Salaried individuals can opt out and choose the old regime if they wish to while filing ITR for FY 2024-25. A belated ITR, submitted after the due date has expired, can only be filed under the new tax regime.
Income tax slabs under new tax regime
| Income slabs (in INR) | Income tax rate (in %) |
|---|---|
| 0-3,00,000 | 0 |
| 3,00,001-7,00,000 | 5 |
| 7,00,001-10,00,000 | 10 |
| 10,00,001-12,00,000 | 15 |
| 12,00,001-15,00,000 | 20 |
| 15,00,001 and above | 30 |
Source: Income Tax Department
- NPS contribution: Salaried employees can also claim a deduction of up to 14% of their basic salary under Section 80CCD (2) if they opt for the new tax regime when filing the ITR.
No tax up to ₹12 lakh of income
It’s important to note that the government’s announcement of zero tax on incomes up to ₹12 lakh applies to the current financial year, 2025-26.
Hence, this is not applicable to the current ITR filing for FY 2024-25 and will only exempt tax on the income earned between April 1, 2025 and March 31, 2026.
Income tax slabs in old tax regime
There is no change that has been announced in the income tax slabs under the old tax regime. A taxpayer can choose to opt for this regime while filing their ITR on or before the due date.
The slabs depend on the taxpayer’s age in FY 2024-25, i.e., between April 1, 2024, and March 31, 2025.
Income tax slabs for people below 60 years
| Income slabs (in INR) | Income tax rate (in %) |
|---|---|
| 0-2,50,000 | 0 |
| 2,50,001-5,00,000 | 5 |
| 5,00,001-10,00,000 | 20 |
| 10,00,001 and above | 30 |
Source: Income Tax Department
Income tax slabs for people aged above 60 years but below 80 years
| Income slabs (in INR) | Income tax rates (in %) |
|---|---|
| 0-3,00,000 | 0 |
| 3,00,001-5,00,000 | 5 |
| 5,00,001-10,00,000 | 20 |
| 10,00,001 and above | 30 |
Source: Income Tax Department
Income tax slabs for people aged over 80 years
| Income slabs (in INR) | Income tax rate (in %) |
|---|---|
| 0-5,00,000 | 0 |
| 5,00,001-10,00,000 | 20 |
| 10,00,001 and above | 30 |
Source: Income Tax Department
