Zero income tax up to an income of Rs 12 Lakh

No tax for up to Rs 12.75 lakh income for salaried under new tax regime as Section 87A tax rebate hiked in Budget 2025
Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through the tax rebate than changing the tax slabs. This is because to get this tax rebate under section 87A you need to file Income Tax Return (ITR).
Budget 2025: Salary up to ₹12 lakh won't be tax free under new regime in these cases
Under the new tax regime, individuals earning up to ₹12 lakh can claim a full tax rebate under Section 87A.This effectively makes income tax-free for salaried individuals, considering a ₹75,000 standard deduction.
Earning up to Rs 12 lakh? Here's how new marginal tax relief benefits you
One of the key highlights of Budget 2025 was that individuals earning up to Rs 12 lakh will not have to pay any income tax under the new tax regime.
Income Tax Slabs 2025: No income tax upto Rs 12 lakhs, check new income tax regime AY 2025-26 here
FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be simpler with a special focus on the middle class.
Budget 2025: Tax-free income limit under new regime rises to Rs 12 lakh
Union Finance Minister (FM) Nirmala Sitharaman, who presented her eighth consecutive Union Budget on February 1, streamlined personal income-tax (I-T) slabs and adjusted tax deducted at source (TDS) limits. The government also plans to introduce a new I-T Bill next week.
Takeaways From India's Budget That Slashes Income Tax on the Salaried Middle Class to Spur Growth
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
Income Tax slabs budget 2025: Zero income tax up to an income of Rs 12 Lakh
Indian Finance Minister Nirmala Sitharaman today (Saturday, Feb 1) presented the Union Budget for 2025-26, a day after unveiling the Economic Survey. Indian Finance Minister Nirmala Sitharaman on Saturday (Feb 1) announced a major relief for the middle class in India with a special tax exemption for salaried individuals.
Budget 2025 | Modi’s gift to the middle class; no income tax up to Rs 12 lakh
Finance Minister Nirmala Sitharaman announced no income tax payable up to Rs 12 lakh under the new regime, offering significant relief to the middle class. The new tax slabs include 5% on Rs 4-8 lakh,
Budget 2025: No taxes till Rs 12.75 lakh to 25% new tax rate included -- new tax-related changes announced
One notable change is the announcement that individuals earning up to Rs 12 lakh will now be fully exempt from paying taxes. This measure is aimed at reducing the tax burden on the middle class and stimulating higher consumer spending.
Nirmala Sitharaman's Tathastu to middle class, no Income Tax up to ₹12 lakh
There will be NO Income Tax payable up to an income of ₹12 lakh, announced Finance Minister Nirmala Sitharaman as she presented Union Budget 2025 in Parliament on Saturday, February 1. This comes as a major relief to the middle class which has often bore the brunt of the higher taxes.
Union Budget 2025: Big relief for middle class as no income tax payable upto income of Rs 12 lakh, says FM
In a big bonanza for salaried taxpayers, Finance Minister Nirmala Sitharaman announced that there will be no income tax to be paid for income levels up to Rs 12 lakh. Income Tax Budget 2025 Live: What are the income tax slabs,
cnbctv183h
What is marginal relief under new tax regime and how it works after Budget 2025 changes
Marginal relief is available to resident individuals whose income exceeds ₹12 lakh but does not exceed ₹12.75 lakh. If a ...
The News Today6h
Understanding the Myth of Rebate Under the New Tax Regime
The announcement of the 2025 Union Budget brought relief to many taxpayers, particularly those with an income of up to ₹12 ...
How Much Tax Will You Have To Pay? Calculate Your Income Tax Under The New Tax Regime
The Union Budget 2025 introduces significant changes to India's income tax structure, offering substantial relief to salaried ...
rediff.com2h
New Tax Regime Turns More Attractive
The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions ...
Tax Guru22h
Rebate Under Section 87A: Tax Benefits & Updates for FY 2025-26
Under the provisions of section 87A of the Act, an assessee, being an individual resident in India, having total income not exceeding Rs 5 lakh, is provided a rebate of 100 per cent of the amount of ...
Budget 2025: From new income tax slabs & rates to TDS, TCS & NPS Vatsalya - top 7 income tax takeaways for middle class
Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised ...
New vs old tax regime: Which income tax regime to choose, what should save your money? Read this to clear all your income tax confusions
If you are still confused about which tax regime to choose after Budget 2025 proposals, here is how to choose between the old ...