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Budget 2025 Income Tax calculator explained: Save up to Rs 1.1 lakh! How income tax slab changes will benefit taxpayers at different salary levels under new regime

IndiaTimes Saturday, 1 February 2025
Budget 2025 income tax slab changes 2025-2026 explained: 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. So, if you are a salaried taxpayer with income up to Rs 12.75 lakh, then including the Rs 75,000 standard deduction, your income tax outgo will be 0!
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Video Credit: Oneindia - Published
News video: Union Budget 2025 Personal Tax Bonanza: No Income Tax For Those Earning Up to ₹12 Lakh

Union Budget 2025 Personal Tax Bonanza: No Income Tax For Those Earning Up to ₹12 Lakh 03:13

 In a major relief for taxpayers, Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh annually will now be exempt from paying income tax. This unprecedented move aims to boost disposable income, drive consumption, and provide financial relief to the middle class....

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