Budget 2025: Earning above ₹12 lakh? Here’s how your tax could spike—or stay in check
1 month, 2 weeks ago

Budget 2025: Earning above ₹12 lakh? Here’s how your tax could spike—or stay in check

Live Mint  

Imagine getting a salary bump, only to find that your tax bill eats up most—if not all—of your raise. Thankfully, marginal relief has your back, ensuring that small increases in income don’t result in a huge spike in tax outgo. View Full Image Marginal relief ensures that the maximum tax outgo on income that marginally exceeds ₹ 12 lakh is capped at the increase in income. Marginal relief ensures that the maximum tax outgo on income that marginally exceeds ₹12 lakh is capped at the increase in income. While marginal relief helps contain excessive tax outgo for those marginally above the rebate limit, a sudden increase in income could still result in higher taxes, nullifying the benefit of the raise.

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History of this topic

New Tax Regime: Income up to Rs 13.7 lakh can be tax-free. Here's how
3 weeks, 3 days ago

New Tax Regime: Income up to Rs 13.7 lakh can be tax-free. Here's how

India Today  

Finance Minister Nirmala Sitharaman’s Budget 2025 announcement has brought some relief for salaried individuals, with the tax-free income limit now raised to Rs 12 lakh. The benefit of the Rs 75,000 standard deduction under the new tax regime effectively bumps this up to Rs 12.75 lakh. But there’s a way to push it even further to Rs 13.7 lakh by …

Earning up to Rs 12.75 lakh? Why you should opt for new income tax regime
3 weeks, 4 days ago

Earning up to Rs 12.75 lakh? Why you should opt for new income tax regime

India Today  

Perhaps, the biggest Budget 2025 announcement by the Finance Minister Nirmala Sitharaman was that individuals with salaries up to Rs 12 lakh will pay zero taxes under the new tax regime. However, with Rs 75,000 as the standard deduction under the new regime, individuals earning up Rs 12.75 lakh annually need not pay any taxes. The Finance Minister in her …

Income tax rebate confusion: Capital gains impact on new ₹12 lakh threshold explained
1 month ago

Income tax rebate confusion: Capital gains impact on new ₹12 lakh threshold explained

Hindustan Times  

The calculation of tax rebates continues to be unclear when it comes to income from capital gains. This issue arises following finance minister Nirmala Sitharaman’s decision to increase the tax-rebate threshold under Section 87A of the Income Tax Act from ₹7 lakh to ₹12 lakh in the Union Budget 2025-26. “However, their impact on overall tax liability depends on the …

Surprising tax hack: Earn ₹14.65 lakh and pay zero income tax in 2025-26
1 month ago

Surprising tax hack: Earn ₹14.65 lakh and pay zero income tax in 2025-26

Live Mint  

Income tax slabs 2025-26: You are in the ₹12 lakh bracket and dreaming of a salary appraisal. Under the new income tax regime for 2025-26, you can pay zero income tax even with a ₹14.65 lakh salary. Under the new income tax regime, you must utilise deductions strategically to achieve a zero tax liability with a ₹14.65 lakh salary. Abhishek …

Shashi Tharoor’s hilarious Coldplay jibe at Sitharaman’s income tax cuts: ‘Coldplay says fix you, FM says tax you’
1 month, 1 week ago

Shashi Tharoor’s hilarious Coldplay jibe at Sitharaman’s income tax cuts: ‘Coldplay says fix you, FM says tax you’

Live Mint  

Congress leader Shashi Tharoor took a witty dig at Finance Minister Nirmala Sitharaman’s Union Budget 2025, using a Coldplay-inspired metaphor. Known for his sharp humour, Tharoor critiqued the budget in an Instagram reel, saying, “Coldplay says ‘Fix You,’ but the Finance Minister says ‘Tax You.’” Tharoor quipped, “Even Chris Martin wouldn’t be able to find paradise in these numbers. But …

New Income Tax Bill 2025: All FAQs on tax slabs, old vs new regime, and more answered
1 month, 1 week ago

New Income Tax Bill 2025: All FAQs on tax slabs, old vs new regime, and more answered

Live Mint  

Amid the new Income Tax Bill 2025, we answer several FAQs on tax slabs, the old vs. new regime, the new income tax rules, exemption limits, and more. Individuals earning up to ₹12 lakh annually will not have to pay any income tax under consideringthe new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to middle class …

New income tax regime: Check revised tax rates, slabs, and will you benefit?
1 month, 1 week ago

New income tax regime: Check revised tax rates, slabs, and will you benefit?

India Today  

The new income tax regime is set to become the preferred option for the majority of taxpayers in the upcoming financial year, following the proposals in the Union Budget 2025. In fact, salaried individuals with an annual income of Rs 12.75 lakh won't have to pay any tax, given the standard deduction of Rs 75,000 under the new regime. High-income …

New regime narrows LTCG-regular income tax gap. Are equities still worth it?
1 month, 1 week ago

New regime narrows LTCG-regular income tax gap. Are equities still worth it?

Live Mint  

MUMBAI : The new slab rates and exemption threshold introduced in the Union Budget 2025-26 under the new tax regime marked the beginning of a new chapter for the Indian middle-class taxpayer. Historically, investors often chose equity investments like arbitrage funds and hybrid funds like balanced advantage funds for their preferential tax treatment compared to regular income. View Full Image …

Income Tax Bill to make rules simpler, easy to read
1 month, 1 week ago

Income Tax Bill to make rules simpler, easy to read

New Indian Express  

NEW DELHI: The Income Tax Bill, approved by the Cabinet on Friday, will not have any rate surprises. The bill is a major exercise in making the income tax rules simpler and easily comprehensible. What we are saying is that a law which has been amended more than 4,000 times, and has a lot of redundant provisions, can have a …

Income Tax: What is rebate under 87A which enables taxpayers earning upto ₹12 lakh to claim zero tax? An explainer
1 month, 2 weeks ago

Income Tax: What is rebate under 87A which enables taxpayers earning upto ₹12 lakh to claim zero tax? An explainer

Live Mint  

In Budget 2025, Finance Minister Nirmala Sitharaman revised the income slabs under the new tax regime, thus offering relief to the middle-class taxpayers. Now, there is no income tax payable for those earning up to ₹12 lakh. So, when there is no tax for income upto ₹12 lakh, why do these slabs suggest otherwise? These are the latest slab rates: …

No tax on income up to ₹12 lakh. Are NRIs eligible?
1 month, 2 weeks ago

No tax on income up to ₹12 lakh. Are NRIs eligible?

Live Mint  

Budget 2025 has been well received by middle-class Indians, particularly due to the zero tax on income up to ₹12 lakh under the new tax regime. According to the rules, individuals can receive a rebate of up to ₹60,000 or any income tax paid for income up to ₹12 lakh in a year under Section 87A. Since NRIs earn their …

Why the tax cuts are a one way gamble
1 month, 2 weeks ago

Why the tax cuts are a one way gamble

The Hindu  

It would not be an exaggeration to say that this is the biggest tax cut that the middle class has ever got in any Union Budget. Since the tax rebate has implications for both, and a lot of the plans of the 2025 Budget ride on it, this piece primarily focuses on this unprecedented fall in income tax rates. In …

NDA govt has left more money in the hands of middle class by lowering income tax: PM Modi
1 month, 2 weeks ago

NDA govt has left more money in the hands of middle class by lowering income tax: PM Modi

Live Mint  

New Delhi: Prime minister Narendra Modi on Tuesday said the income tax rationalization undertaken by the Centre in the last 10 years has left more money in the hands of the middle class. "In the last years, by lowering income tax we have increased the income of the middle class. Presenting the budget, finance minister Nirmala Sitharaman had said that …

All income groups got a little something from the Budget
Trending News
1 month, 2 weeks ago

All income groups got a little something from the Budget

Live Mint  

The Union Budget 2025 aimed to put more money in the hands of every income group—whether salaried professionals, gig workers, rental income earners, or senior citizens—by tweaking tax slabs, deductions, and exemptions. The Bill proposes that persons opting for the new personal tax regime in financial year 2025-26, and having income upto ₹12 lakh, will not be required to pay …

What does no income tax up to ₹12 lakh really mean? Decoding differences between tax rebate, deduction & exemption
1 month, 2 weeks ago

What does no income tax up to ₹12 lakh really mean? Decoding differences between tax rebate, deduction & exemption

Live Mint  

In the Union Budget 2025, Finance Minister Nirmala Sitharaman mentioned that the ‘nil income tax’ slab would be raised to ₹12 lakh; however, it is often misunderstood as a tax exemption or tax deduction. “To taxpayers up to Rs12 lakh of normal income tax rebate is being provided in addition to the benefit due to slab rate reduction in such …

Anupam Mittal of Shaadi.com on Budget 2025: ‘You don’t build an economy by making people feel…’
1 month, 2 weeks ago

Anupam Mittal of Shaadi.com on Budget 2025: ‘You don’t build an economy by making people feel…’

Live Mint  

Shaadi.com CEO Anupam Mittal appreciated the government's decision to levy zero tax on individuals earning up to ₹12 lakh, proposed in the Union Budget 2025. Anupam Mittal highlighted that the middle class has been a ‘punching bag,’ as they are taxed for every rupee they earn, while the rich get away by finding loopholes and businesses receive tax breaks. Taxed …

Budget 2025: How should equity traders asses FM’s income tax rebates? Experts weigh in
1 month, 2 weeks ago

Budget 2025: How should equity traders asses FM’s income tax rebates? Experts weigh in

Live Mint  

The Union Budget 2025 introduced a series of direct tax measures aimed at making the new tax regime more attractive for resident taxpayers. Mihir Ashok Tanna, Associate Director at S K Patodia & Associates LLP, noted, “Direct Tax proposal in the budget continued to make the new tax regime more attractive for resident taxpayers except for equity traders who will …

Income up to Rs 12 lakh is tax-free, but do you know the tax-exemption limit? Find out
Trending News
1 month, 2 weeks ago

Income up to Rs 12 lakh is tax-free, but do you know the tax-exemption limit? Find out

India TV News  

Tax-free vs tax exemption: In a major relief to middle-class salaried people, Finance Minister Nirmala Sitharaman hiked the tax rebate available to individual taxpayers. In her Budget speech, the finance minister said that individuals earning up to Rs 12 lakh will pay zero tax. "One crore more people will pay no income tax due to hike in rebate to Rs …

New income tax slabs: Check how much you'll save with these simple calculations
1 month, 2 weeks ago

New income tax slabs: Check how much you'll save with these simple calculations

India Today  

The Union Budget 2025 has introduced major changes to the new income tax regime, making it more attractive for salaried individuals. He also shared an example to show how the new tax regime changes will impact salaried taxpayers with incomes up to Rs 25 lakh: Kunal Savani, Partner, Cyril Amarchand Mangaldas, shared the new tax rates and slabs will benefit …

Earn over Rs 12.75 lakh? You can still pay zero tax under new regime
1 month, 2 weeks ago

Earn over Rs 12.75 lakh? You can still pay zero tax under new regime

India Today  

The new income tax regime got a major revamp in the Union Budget 2025, aimed at benefiting middle-class taxpayers. And with a standard deduction of Rs 75,000, salaried taxpayers earning up to Rs 12.75 lakh annually do not need to pay any tax. For an annual income of Rs 13.5 lakh, assuming a 50% basic salary of Rs 6.75 lakh, …

‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman
1 month, 2 weeks ago

‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman

Hindustan Times  

The Prime Minister Narendra Modi-led government has sought to respect the taxpayer instead of following a rent-seeking approach, finance minister Nirmala Sitharaman said on Sunday, emphasising that the huge tax relief announced in Saturday’s Union Budget was an acknowledgement of the contribution of citizens who pay their fair share towards nation-building, or, as she repeatedly stressed, a manifestation of “respect”. …

Budget 2025 overlooks joblessness
Trending News
1 month, 2 weeks ago

Budget 2025 overlooks joblessness

The Hindu  

The previous Budget, presented in July 2024 after the Lok Sabha election, had accorded priority to employment and skill development, given the nature of the election mandate. Among centrally The Finance Minister has sought to counterbalance the deflationary impact of these expenditure cuts by enhancing the annual rebate for income tax payers from ₹7 lakh to ₹12 lakh from 2025-26. …

Days of intrusive tax scrutiny over, taxpayer facilitation is the new mantra: CBDT chief Ravi Agarwal
1 month, 2 weeks ago

Days of intrusive tax scrutiny over, taxpayer facilitation is the new mantra: CBDT chief Ravi Agarwal

Live Mint  

The days of intrusive tax scrutiny and compliance enforcement are over and tax administration will be based purely on trust and greater reliance on data mining, Central Board of Direct Taxes chairperson Ravi Agrawal said in a post budget interview to Mint. Agarwal said that under the revamped new personal income tax regime, those with ₹24 lakh annual income will …

Budget 2025: Understanding the rebate benefits—and the fine print on capital gains tax
1 month, 2 weeks ago

Budget 2025: Understanding the rebate benefits—and the fine print on capital gains tax

Live Mint  

"No tax on income up to ₹12 lakh!" With a salary, interest income, and capital gains from property sales and the stock market, Mr. A’s total income is around ₹12 lakh—seemingly making him eligible for a significant tax break. For Mr. A, this means his salary and interest income will benefit from the rebate, but his capital gains from property …

‘If you were earning ₹12 lakh during Nehru’s era…’: PM Modi targets Congress; says BJP will form govt in Delhi
Trending News
1 month, 2 weeks ago

‘If you were earning ₹12 lakh during Nehru’s era…’: PM Modi targets Congress; says BJP will form govt in Delhi

Live Mint  

Prime Minister Narendra Modi on Sunday took a swipe at the Congress party and invoked former Prime Ministers Jawaharlal Nehru and Indira Gandhi to highlight the income tax relief announced in Budget 2025. On Saturday, presenting the Union Budget 2025 in the Lok Sabha, Finance Minister Nirmala Sitharaman announced that no income tax will be payable on income up to …

No income tax up to Rs 12 lakh: What it means if you earn more
1 month, 2 weeks ago

No income tax up to Rs 12 lakh: What it means if you earn more

Firstpost  

In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 lakh will no longer have to pay income tax. FM Sitharaman increased the exemption threshold from Rs 7 lakh to Rs 12 lakh in the new income tax regime. Pixabay/Representational Image Union Finance Minister Nirmala Sitharaman has delivered a massive …

’PM Modi was very clear...’: What FM Nirmala Sitharaman said on income tax relief up to ₹12 lakh
Top News
1 month, 2 weeks ago

’PM Modi was very clear...’: What FM Nirmala Sitharaman said on income tax relief up to ₹12 lakh

Live Mint  

Nirmala Sitharaman announced a major overhaul of the income tax system while outlining the Budget on Saturday. Individuals earning up to ₹12 lakh annually will no longer have to pay any tax under the new income tax regime — with benefit of ₹80,000. Sitharaman announced on Saturday that there would be “no income tax payable up to income of ₹12 …

Read what is Marginal Relief and how it works for income above exemption limit
1 month, 2 weeks ago

Read what is Marginal Relief and how it works for income above exemption limit

Op India  

The budget for 2025-26 has provided major relief for the middle class by reducing the income tax burden. The marginal relief was introduced under the New Tax Regime to ensure that taxpayers with income slightly above the exemption limit do not pay excessive tax compared to those earning below the limit. As a result of this marginal relief, taxpayers earning …

Budget 2025: You will have to pay taxes despite income below Rs 12 lakh if...
1 month, 2 weeks ago

Budget 2025: You will have to pay taxes despite income below Rs 12 lakh if...

Firstpost  

Income taxed at special rates, such capital gains made through investments in stocks, including short-term and long term capital gains under Section 111A and Section 112, respectively, cannot be offset by the rebate Budget 2025 proposes great relief to taxpayers earning up to Rs 12 lakh annually by offering rebates under Section 87A such that their tax liability becomes nil. …

Tax axe budget prods people to spend more
1 month, 2 weeks ago

Tax axe budget prods people to spend more

New Indian Express  

NEW DELHI: a country is not just its soil, a country is its people—a famous line of Telugu poet and playwright Gurajada Appa Rao quoted by Finance Minister Nirmala Sitharaman in her speech—sums up the focus of Budget 2025-26. The middle class was the central focus of the Budget, which heralded a big income tax cut the demand for which …

Kejriwal asked for Rs 10 lakh relief, Nirmala gives Rs 2 lakh more
1 month, 2 weeks ago

Kejriwal asked for Rs 10 lakh relief, Nirmala gives Rs 2 lakh more

New Indian Express  

NEW DELHI: Ten days ago, while launching his party’s manifesto, AAP chief Arvind Kejriwal focused on the middle class and demanded that the Centre scrap income tax on earnings up to Rs 10 lakh. The Centre’s tax relief apparently signals the ‘middle class’ is back in contention as a significant factor as election campaigning reaches a crescendo, prompting parties to …

Fresh slabs may prompt over 90% taxpayers to choose new regime: Tax body chief
1 month, 2 weeks ago

Fresh slabs may prompt over 90% taxpayers to choose new regime: Tax body chief

India Today  

The Central Board of Direct Taxes Chairman Ravi Agrawal said that over 90 per cent of individual taxpayers are expected to adopt the new tax regime, up from the current 75 per cent, after Finance Minister Nirmala Sitharaman announced zero tax for earnings of up to Rs 12 lakh per annum in her Union Budget 2025 speech. Sitharaman, on Saturday, …

Watch: Budget 2025 round-up: Bonanza for the middle class
1 month, 2 weeks ago

Watch: Budget 2025 round-up: Bonanza for the middle class

The Hindu  

Ahead of the Budget, there was an expectation that the government would provide some relief for the middle class, which has been stuck in a rut lately. FM Nirmala Sitharaman delivered a big announcement for this class -- in her Budget speech, she announced that there would be no income tax for incomes up to ₹12 lakh. The Finance Minister …

Union Budget 2025: Tax bonanza for middle class
Trending News
1 month, 2 weeks ago

Union Budget 2025: Tax bonanza for middle class

The Hindu  

If your car is sputtering, and a faulty fading battery appears to be the cause, the only immediate alternative is to try and jumpstart it by hooking it up with another running car. Finance Minister Nirmala Sitharaman sought to do just that on Saturday with her Union Budget for 2025-26 — jumpstart slowing economic activity with a significant ₹1 lakh …

Goodbye old tax regime; new regime now more attractive
1 month, 2 weeks ago

Goodbye old tax regime; new regime now more attractive

Live Mint  

The budget’s biggest, shiniest takeaway: no tax on income up to ₹12 lakh. First, zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime. For instance, even if your income is above the ₹12 lakh or ₹12.75 lakh rebate limit, you still have the ongoing provision of claiming …

Bracketed joy for Hyderabad professionals over tax slabs
1 month, 2 weeks ago

Bracketed joy for Hyderabad professionals over tax slabs

The Hindu  

Hyderabad-based Ankit Priya and Bansari Trivedi, who will be tying the knot mid-2025, have more reasons to celebrate. Higher investments and savings are the norm for most Hyderabad citizens, as Ms. Sitharaman announced I-T exemption for annual income of up to ₹12 lakh and rejig in tax slabs. While professionals earning an annual income of less than ₹12 lakh lauded …

India’s budget does well to drive growth despite a fiscal pullback
1 month, 2 weeks ago

India’s budget does well to drive growth despite a fiscal pullback

Live Mint  

The Union budget was presented on Saturday in the backdrop of sluggish real growth and stubborn albeit declining headline inflation with the latest print above 5%. For the upcoming budget year, nominal gross domestic product has been projected to grow at 10.1% over the half year-based First Advance Estimate for the current year, yielding a budgeted GDP denominator of ₹356.97 …

No income tax for annual income upto Rs 12 lakh in New Tax Regime
1 month, 2 weeks ago

No income tax for annual income upto Rs 12 lakh in New Tax Regime

Deccan Chronicle  

Mumbai : At a time when the economy is slowing, the Union Budget 2025-26 on Saturday announced major tax reliefs for the middle class to bolster their spending power thereby invigorating domestic consumption. Finance Minister Nirmala Sitharaman while presenting the Budget announced that under the New Tax Regime, no income tax will be payable for salaried individuals with total income …

Budget 2025 | No tax for incomes up to ₹12 lakh
Top News
1 month, 2 weeks ago

Budget 2025 | No tax for incomes up to ₹12 lakh

The Hindu  

With an objective to boost household consumption and aggregate demand, Finance Minister Nirmala Sitharaman announced on Saturday that incomes up to ₹12 lakh would draw no income tax. To boost consumption, savings and investment Explaining the rationale for the revision in taxation limit, the Minister said the new structure would substantially reduce taxes for the middle class and provide more …

Budget 2025: Tax-free income up to Rs 12 lakh sparks joy, confusion online
1 month, 2 weeks ago

Budget 2025: Tax-free income up to Rs 12 lakh sparks joy, confusion online

Deccan Chronicle  

Tirupati: Finance Minister Nirmala Sitharaman’s announcement of tax exemption on income up to Rs 12 lakh under the new tax regime has sparked widespread celebration on social media, with netizens reacting with a flood of memes. One user likened the announcement to "getting a salary hike without changing jobs," while another shared a meme of a man joyfully throwing cash …

Budget 2025: Middle-class jackpot! Who saves the most under the new tax regime?
1 month, 2 weeks ago

Budget 2025: Middle-class jackpot! Who saves the most under the new tax regime?

Live Mint  

Budget 2025: Any individual earning ₹12 lakh will pay zero tax in 2025-26, against ₹80,000 she has to pay in the current financial year, if she chooses the new tax regime to file her returns. Her colleague Viraj earns ₹18 lakh annually, and he, too, will see his tax liability drop with the new tax regime. Ankita will get a …

Tax Cuts In Budget 2025 Will Help You Save More, But Don’t Forget To Secure The Money
1 month, 2 weeks ago

Tax Cuts In Budget 2025 Will Help You Save More, But Don’t Forget To Secure The Money

ABP News  

Today was a day of celebration for the middle class as Finance Minister Nirmala Sitharaman presented a landmark Union Budget. Based on this data, roughly 85 per cent of taxpayers will pay no tax from next year if they opt for the new tax regime. After the announcement, the new tax rates stand as follows: New Tax slabs Tax Rate …

Income tax payable on same income has come down by over 50% since 2014
1 month, 2 weeks ago

Income tax payable on same income has come down by over 50% since 2014

Op India  

The union budget for 2025-26 makes significant changes to the Income Tax regime, which is going to provide major relief to taxpayers. Moreover, the slabs have been changed, ensuring that there will be lower tax outgo even for those who come under taxable bracket with income above ₹12 lakh. While now there is no tax on income up to ₹12 …

Despite hike in exemption limit, income tax receipts to go up by 13 p
1 month, 2 weeks ago

Despite hike in exemption limit, income tax receipts to go up by 13 p

Deccan Chronicle  

Chennai: Despite the Centre's move to increase tax exemption limit to Rs12 lakh annual income and making 30 per cent tax slab payable for those with Rs 24 lakh income, the personal income tax receipts of the government are estimated to go up by 13.4 per cent. Both personal income tax and direct taxes will see their share in revenue …

Will income tax relief announced in Budget be gamechanger in Delhi polls?
1 month, 2 weeks ago

Will income tax relief announced in Budget be gamechanger in Delhi polls?

Deccan Chronicle  

New Delhi: While the Election Commission has barred the BJP-led Central government from making Delhi-specific announcements in the Union Budget, the income tax relief for the middle class is seen by many as a possible game-changer in the February 5 Assembly polls. Presenting the Union Budget 2025-26, Finance Minister Nirmala Sitharaman said that no income tax would be payable up …

One crore more people will pay no income tax due to hike in rebate to Rs 12 lakh: FM
1 month, 2 weeks ago

One crore more people will pay no income tax due to hike in rebate to Rs 12 lakh: FM

Firstpost  

The government has put “substantial amount of money” in hands of people through rejig of I-T slabs in the Budget and an additional 1 crore people will pay no tax due to hike in tax rebate to Rs 12 lakh per annum, Finance Minister Nirmala Sitharaman said on Saturday The government has put “substantial amount of money” in hands of …

Income tax salary-wise details: How to calculate tax if salary is over ₹12.75 lakh
1 month, 2 weeks ago

Income tax salary-wise details: How to calculate tax if salary is over ₹12.75 lakh

Hindustan Times  

Finance minister Nirmala Sitharaman on Saturday announced tax cuts for the middle class as she presented her eighth consecutive Union Budget in the parliament. Individuals with an annual income of ₹24 lakh or more can save around ₹1.10 lakh in income tax. For those with income of more than ₹12 lakh and filing ITR under the new tax regime, the …

No tax on income of up to ₹12 lakh | All your questions answered
1 month, 2 weeks ago

No tax on income of up to ₹12 lakh | All your questions answered

Hindustan Times  

Budget 2025: In a major relief to the middle class in India, Union finance minister Nirmala Sitharaman on Saturday announced that no income tax will be payable on income up to ₹12 lakh. "I am now happy to announce that there will be no income tax payable up to income of ₹12 lakh under the new regime," the finance minister …

Budget 2025: Will income tax slab change impact your take-home salary? 5 things employees must know
1 month, 2 weeks ago

Budget 2025: Will income tax slab change impact your take-home salary? 5 things employees must know

India TV News  

Budget 2025: Union Finance Minister Nirmala Sitharaman on Saturday announced during the Budget 2025 that no income tax will be paid on earnings up to Rs 12 lakh, or up to Rs 12.75 lakh including standard deductions, under the new tax regime. This move of the Centre means even if people earning between Rs 8 to 10 lakh end up …

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