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Latest income tax slabs 2025-26: How much tax do individuals earning slightly above Rs 12 lakh have to pay? Marginal relief calculations explained

IndiaTimes Tuesday, 4 February 2025
Latest income tax slabs 2025-26 post Budget 2025: Finance Minister Nirmala Sitharaman announced zero tax for individuals earning up to Rs 12 lakh in Budget 2025, with marginal relief for those slightly above. For incomes up to nearly Rs 12.75 lakh, tax liability is minimized through calculated relief, ensuring fair treatment for higher earners.
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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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Income Tax Slabs FY 2025-26 explained: 20 FAQs individual taxpayers should check to understand tax rates, income tax benefit under new tax regime

Latest Income Tax Slabs FY 2025-26 after Budget 2025: In the new tax regime for FY 2025-26, individuals earning up to Rs 12 lakh are exempt from paying income...
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