For whom is the new tax regime right? According to the Union Budget 2025, in the new tax regime, taxpayers get income tax-free up to Rs 12.5 lakh. Which means that you do not need to pay any tax ...

The total tax payable by Mr X under the new tax regime would be Rs 2.08 lakh, with 20% tax being payable upon income between Rs 16,00,001 to Rs 20,00,000.. On the contrary, Mrs X, who has the same ...