Know Revise TDS rate Chart form 1 April 2025 as per Budget 2025: New Income-tax Slabs and Rates 2025-26 for salaried employees and senior citizens: Income-tax calculator shows the proposed slabs and rates in Union Budget 2025 will benefit most of the taxpayers opting for the New Tax Regime. Experts say Finance Minister Nirmala Sitharaman has finally responded to middle-class worries with tax cuts, making income up to ₹12 lakh tax-free. She has also proposed TDS limit hike for senior citizens, making bank and post office deposits attractive.