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<h1>New Income Tax Regime 2025: Rates from Nil to 30%, Opt-Out Options, Special Provisions for Financial Service Units</h1> The new tax regime under the Income Tax Bill, 2025, applies to individuals, Hindu undivided families, associations of persons, bodies of individuals, and artificial juridical persons, determining tax rates based on income brackets. The tax rates range from nil for income up to 4,00,000 to 30% for income above 24,00,000. Tax computation excludes certain exemptions, deductions, and loss offsets. Taxpayers can opt out of the regime under specified conditions, with restrictions on re-entering. Special provisions apply to those with units in International Financial Services Centres who opted in from 2020-21 to 2023-24.