Ay 2025-26 Tax Slab. In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay). India's income tax system is progressive, meaning tax rates increase with higher income levels.
3 lakh, and rising to 30% for incomes above rs. Capital gains exemption limit on certain financial assets increased to rs 1.25 lakh per year.