Last Updated:
Income Tax Budget 2025: With the new tweaks being introduced, a taxpayer in the new regime with an income of ₹12 lakh will get a benefit of ₹80,000 in tax
New Tax Regime: Those earning up to Rs 13 lakh will now be able to save income tax over and above the Rs 12 lakh income limit.
Income Tax Slabs in Budget 2025: Finance Minister Nirmala Sitharaman announced on Saturday during the Union Budget 2025 that no income tax will be payable on earnings up to Rs 12 lakh, or up to Rs 12.75 lakh including standard deductions, under the new regime.
With the new tweaks being introduced, a taxpayer in the new regime with an income of ₹12 lakh will get a…