Mitali
Quick Summary
The government in Union Budget 2025 has introduced a simplified New Tax Regime, offering zero tax liability up to Rs. 12 lakh (i.e. average income of Rs.1 lakh per month other than special rate income such as capital gains) Now, the new limit will be Rs.12.75 lakh for salaried tax payers, du
Daily Limit Reached
You have reached your daily limit of 2 Free Articles
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited Articles Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Under the new tax regime for FY 2025-26, individuals have zero tax liability up to an income of ₹12 lakh per annum, which averages to ₹1 lakh per month, excluding special income like capital gains.
Salaried taxpayers benefit from a standard deduction of ₹75,000, which effectively raises the income limit for zero tax liability to ₹12.75 lakh per annum.
The income tax slabs are: 0-4 lakh (Nil), 4-8 lakh (5%), 8-12 lakh (10%), 12-16 lakh (15%), 16-20 lakh (20%), 20-24 lakh (25%), and above 24 lakh (30%).
The government aims to leave more disposable income in the hands of taxpayers, which is expected to boost household consumption, savings, and investments, thereby contributing to economic growth.
CAclubindia
