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| source: Google |
The government has introduced a major tax relief in the new regime—no income tax is payable for individuals earning up to ₹12 lakh annually. For salaried individuals, this limit is even higher at ₹12.75 lakh, thanks to a standard deduction of ₹75,000. However, this exemption does not apply to special incomes such as capital gains.
Revised Income Tax Slabs for 2025
- ₹0 to ₹4 lakh – No Tax (0%)
- ₹4 to ₹8 lakh – 5%
- ₹8 to ₹12 lakh – 10%
- ₹12 to ₹16 lakh – 15%
- ₹16 to ₹20 lakh – 20%
- ₹20 to ₹24 lakh – 25%
- Above ₹24 lakh – 30%
Who Benefits the Most?
With the rebate extended to incomes up to ₹12 lakh, middle-class taxpayers will experience zero tax liability, ensuring higher disposable income. Additionally, those earning above ₹12 lakh will still benefit from reduced tax rates compared to the previous structure.
Examples of Tax Savings
📌 Annual Income: ₹12 Lakh
✅ Tax Savings: ₹80,000
✅ 100% Exemption, meaning no tax is payable under the new regime.
📌 Annual Income: ₹18 Lakh
✅ Tax Savings: ₹70,000
✅ 30% Reduction in tax liability compared to previous tax rates.
📌 Annual Income: ₹25 Lakh
✅ Tax Savings: ₹1.10 Lakh
✅ 25% Reduction in tax compared to old tax slabs.
Why This Change Matters
1️⃣ More Disposable Income – This tax relief will boost purchasing power, benefiting the economy.
2️⃣ Encourages Compliance – Lower tax rates reduce tax evasion and promote transparency.
3️⃣ Supports Middle-Class & Salaried Individuals – With zero tax up to ₹12 lakh, millions of taxpayers will benefit.
This tax reform aims to reduce the financial burden on individuals and stimulate economic growth. Stay updated for more insights on tax policies!
Big Tax Relief! The government has announced zero income tax on earnings up to ₹12 lakh under the new tax regime! Salaried individuals can enjoy tax-free income up to ₹12.75 lakh with standard deductions. Check out the latest tax slabs, how much you can save, and the massive benefits for taxpayers earning ₹12 lakh, ₹18 lakh, or ₹25 lakh. 📊✨ Don't miss this detailed breakdown—maximize your tax savings now! 🔥 #IncomeTax #TaxFree #Budget2025
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