Budget Updates 2025
Income Tax Update
no income tax up to ₹12 lakh
The government also increased the standard deduction ceiling from ₹50,000 to ₹75,000 as well as from ₹15,000 to ₹25,000 for family pensioners under the new tax regime.
Short-term capital gains was increased from 15% to 20%, while long-term capital gains tax was increased from 10% to 12.50% on listed shares and equity mutual funds.
The tax-exemption threshold for long-term capital gains was also raised from ₹1 lakh to ₹1,25,000.
₹0 to ₹3 lakh: Nil
₹4 to ₹8 lakh: 5%
₹8 to ₹12 lakh: 10%
₹12 to ₹16 lakh: 15%
₹16 to ₹20 lakh: 20%
20-24 lakh: 25%
Above 24 lakh: 30%
