Archive · 26 Jul 2025
FY25 Tax Filing: New Slabs and Capital Gains Changes
The government has changed the income tax rules for the financial year 2024-25.
Under the new rules, if you earn up to 12 lakh, you won't pay any income tax.
If you make more than 12 lakh, your income will be taxed in different slabs.
Also, if you sell stocks or other investments after a year, you'll pay a higher tax (12.5%).
If you sell them sooner, it's an even higher tax (20%).
If you sell a house, the tax has been changed too.
Finally, if you work in the private sector and contribute to a retirement plan through your company, the company can contribute more to the plan and you get a bigger tax break.
New tax slabs and capital gains tax structure introduced in Union Budget 2024.
Individuals with taxable income up to Rs 12 lakh receive full tax rebate under the new regime.
Revised long-term capital gains (LTCG) tax is 12.5% and short-term capital gains (STCG) tax on some assets is 20%.
Exemption limit for computing LTCG tax on stocks and equity mutual funds increased to Rs 1.25 lakh.
Private sector employees opting for new tax regime with corporate NPS can deduct up to 14% of employer contribution.
- Who
- Taxpayers and private sector employees.
- What
- New tax slabs and capital gains tax structure for FY25.
- When
- For tax returns of FY25.
- Where
- New Delhi
- Why
- To be aware of the new income tax slabs and capital gains tax structure brought in by the Union Budget 2024.
Taxpayers Under Old Regime
Taxpayers Under New Regime
Optimal Tax Regime
Taxpayers Under Old Regime
Those eligible to claim Rs 2 lakh deduction for home loan interest under Section 24(b) or a large house rent allowance (HRA)
Taxpayers Under New Regime
Taxpayers who opt for the new tax regime.
- Tax Regime
- New and Old
- Income Rebate
- Up to Rs 12 lakh
- LTCG Tax
- 12.5%
- STCG Tax (some assets)
- 20%
- LTCG Exemption (Stocks/Equity Funds)
- Rs 1.25 lakh
- NPS Deduction (Employer Contribution)
- Up to 14%
