A new financial year means new tax rules—and if you’re a salaried professional in India, it’s time to recheck your salary structure, deductions, and monthly planning.
With the Finance Bill 2024 bringing subtle yet important tweaks to the income tax regime for FY 2024–25, here’s a clear breakdown of what’s changed and how Vizzve Finance can help if your cash flow feels the pinch.
What’s New in Income Tax for FY25?
1. Default Regime Still: New Tax Regime
The New Tax Regime (NTR) continues as the default for all salaried employees.
You can still opt for the old regime—but must declare your choice during income declaration.
2. Zero Tax for Income up to ₹7 Lakh (via Rebate)
Under the NTR, income up to ₹7L is tax-free with rebate under Section 87A.
3. Standard Deduction Continued for Salaried Class
₹50,000 standard deduction remains available under both regimes.
4. No Major Slab Changes
Tax slab rates stay unchanged:
5% for ₹3–6L
10% for ₹6–9L
15% for ₹9–12L
20% for ₹12–15L
30% above ₹15L
5. Leave Travel Allowance (LTA) & HRA Still Only in Old Regime
If you want to claim HRA, LTA, 80C, 80D, etc., you must opt for the Old Regime.
What This Means for Your Take-Home Pay
Your net salary may change depending on which regime your company uses by default.
If you don’t actively choose a regime, New Regime will apply.
Many professionals are now seeing lower tax savings, especially if they have housing loans, tuition fees, or insurance investments.
Where Vizzve Finance Comes In
If you’re left with less take-home pay or need more monthly liquidity, Vizzve can help fill the gaps without disrupting your budget.
Vizzve Helps You With:
Quick personal loans from ₹5,000 to ₹1.5L
Instant approvals for salaried professionals (₹15K/month and above)
No hidden fees, no paperwork
Loans disbursed within hours
Vizzve Loan vs Tax Refund Delay
| Need | Vizzve Loan | Tax Refund |
|---|---|---|
| Timeline | Same-day | 2–4 months |
| Process | Instant, app-based | Manual, via ITR filing |
| Flexibility | Up to ₹1.5L, repay over months | Only what TDS allows |
| Use Case | Rent, bills, EMI top-up | Limited to refund value |
FAQs –
Q1. What if my take-home salary dropped in FY25?
That’s likely due to tax regime defaults or new HR structure. You can bridge shortfalls with Vizzve’s short-term loans.
Q2. Is my loan amount taxed?
No. Personal loans are not taxable, unless written off.
Q3. Can I still choose the old tax regime?
Yes! But you must inform your employer early or declare it while filing ITR.
Q4. Can I get a loan with a lower CIBIL?
Yes—Vizzve looks at your salary consistency more than just your credit score.
Final Word: New Tax Rules or Not—Vizzve Keeps You Liquid
Even if your tax benefits shrink or refunds are delayed, Vizzve Finance gives you flexibility today.
Don't let new tax rules disrupt your life.
📲 Apply now on the Vizzve app.
💼 Let tax season come and go—you stay in control.
Published on : 4th July
Published by : SMITA
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