Under the new regime, the tax liability for individuals earning Rs 12 lakh or Rs 12.75 lakh (for salaried persons) is Rs 60,000, which is completely waived due to the rebate. Hence, the resulting tax ...

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This means individuals earning ₹25 lakh can save up to ₹1.1 lakh under the new regime. After the revision, taxpayers earning up to ₹12 lakh will now be exempt from income tax. For salaried individuals ...

“Budget 2025 has made significant changes to income tax slabs under the new tax regime while keeping the ... She added that salaried individuals with a net taxable income of Rs 12 lakh will now pay no ...

New Delhi, Feb 1 (PTI) Individuals earning up to ₹12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to ...

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Even someone earning Rs 50 lakh will receive a tax benefit of Rs 1,10,000, leading to an effective tax rate of 21.6%. The revision of tax slabs is expected to reduce the financial strain on salaried ...

Along with the income tax benefit table, the income tax department has also released some FAQs to make it easier for taxpayers to understand the Income Tax Act. Here are some of the FAQs What is ‘New ...