India Today6d
No income tax upto Rs 12 lakh announcement makes Internet erupt with memes
The new tax regime offers zero income tax for earnings up to Rs 12 lakh (Rs 12.75 lakh for salaried taxpayers with standard deduction of Rs 75,000). Listen to Story The internet couldn’t help but ...
Indiatimes6d
How to pay zero tax in new tax regime: 2 deductions salaried taxpayers can claim to reduce taxable income to Rs 12 lakh
25,000 currently under the new tax regime. The new proposal will benefit taxpayers having taxable income of up to Rs 12 lakh from Rs 7 lakh taxable income currently. The new tax regime allows a ...
The Statesman6d
Boost for middle class: Sitharaman announces ‘no income tax’ for up to Rs 12 lakh
Rs 8-12 lakh: 12%; Rs 12 -16 lakh: 15%; Rs 16-20 lakh: 20%; Rs 20-24 lakh: 25%; and Above ₹24 lakh: 30%. With the new slabs coming into force, common man will be left with more disposable income ...
Swarajya6d
Big Relief For Middle-Class In Union Budget 2025: No Income Tax On Income Up To Rs 12 Lakh
There will be no income tax payable up to Rs 12 lakh - up to Rs 12.75 lakh including standard deductions, under the new tax regime, the FM announced. Sitharaman also announced revisions to the tax ...
NDTV6d
What Rs 12 Lakh Exemption Means And How Tax Is Calculated If You Earn More
In Rs 8-12 lakh slab, another Rs 4 lakh will be taxed at 10% (Rs 40,000). The remaining Rs 3 lakh falls in the Rs 12-16 lakh slab, attracting a rate of 15%, which calculates to Rs 45,000.
The Financial Express5d
Your up to Rs 12 lakh annual income is not tax-exempt as wrongly perceived – it’s taxable! Tax structure decoded here
In her Budget speech, the FM stated that individuals earning up to Rs 12 lakh will pay NIL tax. However, this was widely misinterpreted as income up to Rs 12 lakh being tax-exempt, which is not ...
Deccan Chronicle6d
Budget 2025 Live: No tax on annual income of up to Rs 12 lakh under new regime
New Delhi: Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to middle class ...
Indiatimes6d
Union Budget: No income tax up to Rs 12 lakh - a simple guide to what it actually means for taxpayers
Finance Minister Nirmala Sitharaman announced zero income tax for up to Rs 12 lakh under the new tax regime. The standard deduction for salaried employees will be Rs 75,000. The rejigged tax slabs ...
moneycontrol.com5d
From Rs 2 lakh to 12 lakh: Transformation of India’s personal income tax structure under Modi govt since 2014
The new income tax regime, which was introduced in 2020 and overhauled in 2023, has significantly widened the scope of tax relief, with zero tax for incomes up to Rs 12 lakh due to rebates.
The New Indian Express6d
Budget decoded | How Rs 12 lakh can turn tax free; new tax slabs
Not only did she increase the income cap for no tax from Rs 7 lakh to 12 lakh, she has also changed the income tax slabs under the New Tax regime. Under the new tax regime, there is no tax till Rs ...
Business Today6d
'Those earning between Rs 12L-Rs 12.75L...': Tax calculations for those earning more than Rs 1 lakh per month explained
As per the revised structure, individuals with yearly earnings not exceeding Rs 12 lakh will be relieved from paying income tax, offering a substantial advantage compared to previous years.