Key Tax Changes From April 1

Mar 31, 2025 Republic World

Tax-Free Income Up to Rs 12 Lakh From April 1, 2025, income up to Rs 12 Lakh is tax-free under revised slabs. Source: Reuters

Zero Tax for Salaried up to Rs 12.75 Lakh With a Rs 75,000 standard deduction, salaried individuals earning up to Rs 12.75 Lakh won’t pay tax. Source: FreePik

Higher TDS Limit for Senior Citizens TDS limit on interest income for senior citizens increases to Rs 1 Lakh from April 1, 2025. Source: FreePik

100% Tax Exemption for Startups Till 2030 Startups registered by April 1, 2030, get 100% tax exemption for three years. Source: FreePik

Tax on High-Premium ULIPs ULIPs with annual premiums over Rs 2.5 Lakh will now be taxed as capital gains. Source: FreePik

Increased TDS Limits for Small Taxpayers Small taxpayers benefit from increased TDS limits, easing their tax burden. Source: FreePik

NHAI Toll Rate Hike from April 1 Toll tax rates will increase from April 1, impacting highway travel. Source: ANI