Income Tax Slab For Women for FY 2025-26

Tax planning is a vital aspect of financial independence for women, yet many wonder if specific tax benefits are available for them individually. Understanding income tax slabs and how they apply can help women make informed decisions about their finances. With the Union Budget 2025 maintaining uniform tax rates across genders, it is essential to understand how these slabs work and how women can optimise their tax liabilities.

Whether buying a home or planning your taxes, Bajaj Finserv empowers people with simple tools and transparency to make financial decisions easier. Let us explore the income tax slab for women in FY 2025-26 (AY 2026-27) and how it impacts financial planning.

Income tax slabs refer to the ranges of annual income that determine how much tax an individual owes. These slabs are progressive, meaning higher income levels attract higher tax rates. For example, if your income falls within Rs. 5 lakh to Rs. 10 lakh, you pay a specific percentage of tax on that portion of your income, while income below Rs. 5 lakh may be taxed at a lower rate or exempt.

For women, understanding income tax slabs is crucial for effective financial planning. With more women taking charge of their financial independence—be it through salaried jobs, entrepreneurship, or investments—knowing how tax slabs work can empower them to make smarter decisions regarding savings, investments, and expenses.

As per the Union Budget 2025, there is no separate income tax slab for women. The tax rates remain uniform across genders under both the old and new tax regimes. Below are the income tax slabs applicable under the new regime for FY 2025-26:

It is important to note that under the new regime, common deductions like Section 80C and HRA are not available. This simplified structure aims to reduce compliance burdens while offering lower tax rates.

Choosing between the old and new tax regimes depends on your financial profile. Here is a simple comparison:

Old Tax Regime

• Offers deductions under Section 80C, 80D, and HRA.
• Suitable for individuals with significant investments in tax-saving instruments.
• Higher compliance requirements due to documentation.

New Tax Regime

• Simplified structure with lower tax rates.
• No exemptions or deductions (except the standard deduction for salaried individuals).
• Ideal for those who prefer straightforward tax calculations.

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Under the old tax regime, women can take advantage of several deductions and exemptions to reduce their tax liability. Here are some key options:

1. Section 80C: Deduction of up to Rs. 1.5 lakh for investments in PPF, ELSS, and other eligible instruments.
2. HRA (House Rent Allowance): Claim deductions if you live in a rented property.
3. Section 24(b): Deduction of up to Rs. 2 lakh on home loan interest payments.
4. Section 80D: Deduction for health insurance premiums for self and family.

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Let us illustrate how to calculate tax liability for a salaried woman earning Rs. 12 lakh annually under both regimes:

Old Regime

1. Gross Income: Rs. 12 lakh
2. Deductions: Rs. 1.5 lakh (Section 80C) + Rs. 2 lakh (Section 24(b)) = Rs. 3.5 lakh
3. Taxable Income: Rs. 12 lakh – Rs. 3.5 lakh = Rs. 8.5 lakh
4. Tax Liability: Approx. Rs. 87,500 (after applying slab rates).

New Regime

1. Gross Income: Rs. 12 lakh
2. Deductions: Nil
3. Taxable Income: Rs. 12 lakh
4. Tax Liability: Approx. Rs. 1,05,000 (after applying slab rates).

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Here are actionable tips for women to optimise their tax liability:

1. Invest in Tax-Saving Instruments: Use PPF, ELSS, and NPS to claim deductions under Section 80C.
2. Claim HRA Benefits: Ensure you keep rental receipts for documentation.
3. Opt for Joint Loans: Co-applying for home loans can help maximise deductions.
4. Utilise Health Insurance: Claim deductions under Section 80D for premiums paid.

Check your eligibility for Bajaj Finserv Home Loans now and secure tax deductions for FY 2025-26!

Avoid these common pitfalls when filing your taxes:

• Incorrect Documentation: Missing investment proofs or rental receipts can lead to rejection of claims.
• Missing Deadlines: File your taxes on time to avoid penalties.
• Ignoring Deductions: Ensure you claim all eligible deductions under the old regime.

Just like Bajaj Finserv loans, filing taxes successfully requires clear documentation and careful planning.

Here are some helpful resources for women taxpayers:

1. Online Calculators: Use Bajaj Finserv’s EMI Calculator for accurate financial planning.
2. Tax Filing Platforms: Opt for trusted platforms like ClearTax or government portals.
3. Financial Advisory Services: Seek expert guidance to optimise your tax liabilities.

Tax planning empowers women to achieve financial independence and make informed decisions about their finances. While there is no separate income tax slab for women, understanding the applicable tax regimes and deductions can help optimise your tax liability.

Ready to take charge of your finances? Explore Bajaj Finserv’s Home Loans and tax-saving solutions today!

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