Union Budget 2025-25: NO TAX TILL Rs, 12 Lakh INCOME
There will be no income tax payable up to Rs 12 lakh, up to Rs 12.75 lakh including standard deductions, (under the new taxregime) Union Finance Minister Mrs. Nirmala Sitharman said February 1, 2025 as she read out the Union Budget 2025
NEW TAX REGIME STRUCTURE:
0-4 Lakh : NIL
4-8 Lakh : 5%
8-12 Lakh: 10%
12-16 Lakh: 15%
16-20 Lakh: 20
20-24 Lakh: 25%
ABOVE 24 Lakh: 30%
