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Acts & Reference

Authoritative access to the statutory frameworks governing modern fiscal operations.

Direct Tax

Income tax and related direct tax legislation

Goods & Services Tax

GST acts, rules, and notifications

Corporate & Allied Laws

Company law, IBC, SEBI and Labour regulations

Income Tax Slabs — At a Glance

Old Regime

Income Tax Act, 1961 — Old Regime (FY 2025-26)

Income SlabRate
Up to Rs. 2,50,000Nil
Rs. 2,50,001 - 5,00,0005%
Rs. 5,00,001 - 10,00,00020%
Above Rs. 10,00,00030%
Rebate u/s 87A: No tax up to Rs. 5,00,000 taxable income.
Deductions available: 80C (Rs. 1.5L), 80D, 80E, 80G, HRA, LTA, NPS, Sec 24, etc.
Default Regime

IT Act, 1961 — New Regime u/s 115BAC (FY 2025-26)

Income SlabRate
Up to Rs. 3,00,000Nil
Rs. 3,00,001 - 7,00,0005%
Rs. 7,00,001 - 10,00,00010%
Rs. 10,00,001 - 12,00,00015%
Rs. 12,00,001 - 15,00,00020%
Above Rs. 15,00,00030%
Rebate u/s 87A: No tax up to Rs. 7,00,000 taxable income.
Standard deduction: Rs. 75,000. Employer NPS u/s 80CCD(2) allowed.
New Act 2025

New Income Tax Act, 2025 (Effective from notified date)

Income SlabRate
Up to Rs. 4,00,000Nil
Rs. 4,00,001 - 8,00,0005%
Rs. 8,00,001 - 12,00,00010%
Rs. 12,00,001 - 16,00,00015%
Rs. 16,00,001 - 20,00,00020%
Rs. 20,00,001 - 24,00,00025%
Above Rs. 24,00,00030%
The New IT Act 2025 replaces the 1961 Act with simplified language. Until notified, IT Act 1961 continues to apply.

GST Rate Structure

0%
Essential food, healthcare, education
5%
Packaged food, small restaurants
12%
Processed food, IT services
18%
Most services, electronics
28%
Luxury goods, automobiles

Key Differences

FEATURE OLD REGIME NEW REGIME
Basic Exemption Rs. 2.5L Rs. 4L
Standard Deduction Rs. 50,000 Rs. 75,000
Section 80C Available Not Available
Rebate u/s 87A Up to Rs. 5L Up to Rs. 12L

Important Portals

Regulatory Bodies