Tax Brackets For 2025 Head Of Household In India. In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay). The budget 2024 has increased the standard deduction by rs.25,000, bringing the new limit to rs.75,000 under the new regime.this applies to all.

The budget 2024 has increased the standard deduction by rs.25,000, bringing the new limit to rs.75,000 under the new regime.this applies to all. For age up to 60 years, you are.