New Tax Regime Slabs – FY 2024-25 (AY 2025-26)
| Income Slab |
Tax Rate |
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 – ₹6,00,000 | 5% |
| ₹6,00,001 – ₹9,00,000 | 10% |
| ₹9,00,001 – ₹12,00,000 | 15% |
| ₹12,00,001 – ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
Plus 4% Health and Education Cess on tax. Rebate u/s 87A: Nil tax if taxable income ≤ ₹7 lakh under new regime.
Top Tax-Saving Investments Under Section 80C
- ELSS Mutual Funds: Equity-linked, 3-year lock-in. Potential for highest returns among 80C options.
- PPF (Public Provident Fund): 15-year tenure, 7.1% interest (tax-free). Sovereign guarantee.
- EPF (Employee Provident Fund): 12% of basic salary, employer also contributes. 8.25% interest.
- NSC (National Savings Certificate): 5-year tenure, 7.7% interest. Post Office scheme.
- Tax-Saving FD: 5-year lock-in with any scheduled bank. Interest is taxable.
- Life Insurance Premium: LIC or term insurance premiums qualify for 80C deduction.
- Sukanya Samriddhi Yojana (SSY): For girl child, 8.2% interest, entirely tax-free.