New Tax Slab 2025-24. Also, check the updated tax slabs for individuals. The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000, said fm sitharaman.
The general slab rates applicable in the case of an individual or huf are 5%, 20%, and 30%. 2) tax rebate under section 87a increased from rs 5 lakh to rs 7 lakh.