No tax on up to ₹ 12 lakh income but why slabs?
On February 1, 2025, In Her 74-Minute Union Budget Speech, Finance Minister Nirmala Sitharaman said there will be no tax on income up to ₹ 12,00,000 per annum, under the new tax Regime. Factoring in Standard deduction of ₹ 75,000, this Limit would be extended to ₹ 12,75,000 per annum for salaried taxpayers. On top…