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<h1>Tax Rates Amended Under Section 115BAC: New Bracket for Rs. 6,00,001 to Rs. 7,00,000 at 5% from 2025.</h1> Section 115BAC of the Income-tax Act is amended to revise tax rates effective from April 1, 2025. For the assessment year starting April 1, 2024, individuals, Hindu undivided families, and certain associations will be taxed as follows: up to Rs. 3,00,000 at 0%, Rs. 3,00,001 to Rs. 6,00,000 at 5%, Rs. 6,00,001 to Rs. 9,00,000 at 10%, Rs. 9,00,001 to Rs. 12,00,000 at 15%, Rs. 12,00,001 to Rs. 15,00,000 at 20%, and above Rs. 15,00,000 at 30%. From April 1, 2025, the Rs. 6,00,001 to Rs. 7,00,000 bracket will be taxed at 5%.