Income Tax New Rules 2025: Great relief in tax! Know how much you will get – StudyToper

The Government of India has made major changes in the Income Tax Rules in 2025, which aims to provide relief to taxpayers and simplify the tax system. These new rules will benefit the middle and lower income group. Income Tax Bill, 2025, introduced by Finance Minister Nirmala Sitharaman, has introduced several new discounts and facilities for taxpayers. This article will give you complete information about these new rules, as well as how much benefit you will get.

Income tax observation new rule 2025

Income tax new rules are explained

Many significant changes have been made in the new Income Tax Rules of 2025 that ensure relief and transparency for taxpayers.

Changes in tax slab

Under the new rules, the tax slab has been revised to provide more relief to the lower and middle class people.

Increase in tax rebate

Under Section 87A, a rebate of up to ₹ 60,000 will now be given. This means that those whose income is up to ₹ 12 lakhs will not have to pay any tax.

Standard deduction

Standard deduction for salary people has been increased to ₹ 75,000. This will give additional benefits to the salary class.

Main advantage

Relief for lower and middle class

Under the new rules, lower and middle class people will be the most benefited.

• No tax on income up to ₹ 12 lakh: This limit was only ₹ 7 lakhs earlier.
• Exemption on income up to ₹ 4 lakh: Earlier this limit was ₹ 3 lakh.

Ease in compliace

The new rules have tried to simplify the tax system. Now it has become easier for small traders and professionals to take advantage of the Presumptive Taxation Scheme.

Monitoring on digital data

Under Section 247, it has become easier to check digital data such as email servers, social media accounts and online banking data. This will help prevent tax evasion.

Prescribed taxation scheme

Changes have also been made in the Presumptive Taxation Scheme to benefit small businesses and professionals.

For traders:

• Turnover limit: increased from ₹ 2 crore to ₹ 3 crore (if the cash transaction is less than 5% of the total turnover).

For professionals:

• Limit: Increased from ₹ 50 lakh to ₹ 75 lakh.
• Income Declaration: 50%of the total receipts.

Comparison of old and new tax system

Disclaimer:

This article is written only for the purpose of providing information. Income Tax Bill 2025 has not yet passed in Parliament and may take time to be implemented. Please seek specialist advice before any financial decision.