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The uptick in the stock prices came after Finance Minister Nirmala Sitharaman said that there will be no income tax payable up to Rs 12 lakh — i.e., up to ₹12.75 lakh including standard deductions — ...

Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...