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This article will discuss the anticipated changes in the tax slabs under both regimes. We will explore how these adjustments aim to ease the financial burden on middle-class taxpayers and enhance ...

Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the no-tax limit from ₹7 lakh to ₹12 lakh and introduced revised tax slabs.

Under the new slabs, taxpayers with Rs 12 lakh annual income will get a benefit of Rs 80,000 and those earning Rs 18 lakh will get a benefit of Rs 70,000, Ms Sitharaman told the parliament.

“Slabs and rates are being changed across the board to benefit all taxpayers. The new structure will substantially reduce the taxes of the middle class and leave more money in their hands ...

Answer 1: Yes, but not really! Let me explain. If your income exceeds Rs 12 lakh, even by a single rupee, you will fall under the income tax slab. The new revised tax slabs are as follows: This would ...

However, for those exceeding the Rs 12.75 lakh limit, tax slabs under New Tax Regime will apply.

Finance Minister Nirmala Sitharaman in her Budget exempted, from income tax, persons earning up to Rs 12 lakh per annum and rejigged the tax slabs under the new tax regime. As per government ...

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