Latest Income Tax Slabs FY 2025-26 after Budget 2025: In the new tax regime for FY 2025-26, individuals earning up to Rs 12 lakh are exempt from paying income tax. A standard deduction of Rs 75,000 for salaried individuals raises this exemption limit to Rs 12.75 lakh. Additionally, reduced tax rates and marginal relief aid those earning slightly above Rs 12 lakh, ensuring lower tax liabilities.
New income tax slabs explained: 20 FAQs answered
Categories:
Related Post
Breaking down the federal charges against NYC Mayor Eric AdamsBreaking down the federal charges against NYC Mayor Eric Adams
New York City Mayor Eric Adams will be arraigned Friday on five federal charges in a corruption case involving nearly a decade of campaign cash. Prosecutors say the mayor illegally
Trump blames Harris, Biden for stock market meltdown after taking credit for past upswingTrump blames Harris, Biden for stock market meltdown after taking credit for past upswing
Donald Trump in January said the stock market reached record highs because investors thought he would win against President Joe Biden.
Nov 7: CBS News 24/7, 1pm ETNov 7: CBS News 24/7, 1pm ET
Biden calls on country to “bring down the temperature” following Trump election victory; Federal Reserve cutting interest rates by 0.25%.