All income tax slabs and rate changes have been announced under the new income tax regime - and the biggest takeaway is that an individual earning Rs 12 lakh will have to now pay NIL or ZERO tax under the new regime.

Budget 2025 benefits individuals across income levels, especially those earning up to Rs 12 lakh, with the tax-free threshold rising from Rs 7 lakh to Rs 12 lakh. “Individuals without exemptions or deductions will benefit the most as the slabs have been rationalised,” says Chandna.

As per the updated structure, individuals earning up to Rs 12 lakh per annum will not have to pay any income tax, offering a substantial benefit compared to previous years

Employees earning up to Rs 13 lakh can now save income tax over and above the Rs 12 lakh income limit as there is a standard deduction of Rs 75,000 and a marginal relief of around 30,000.

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the midd

Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. From a change in income tax slabs to a boost to IIT infrastructure, here are the

Under the revised New Income Tax Regime for 2025, no income tax will be payable on income up to Rs12 lakh. With the inclusion of the standard deduction, the tax-free income limit extends to Rs12.75 lakh.

Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and