What is basic exception limit as per Union Budget 2025

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The discussion clarifies the Basic Exemption Limit following the Union Budget 2025. While income up to ₹4 lakh is taxed at nil, this doesn't necessarily mean ₹4 lakh is the Basic Exemption Limit. The limit remains ₹2.5 lakh for the old tax regime and ₹3 lakh for the new tax regime. Form 15G can be used to avoid TDS on dividends if income falls below the relevant threshold.

San Gai

San Gai (Querist)
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20 April 2025 Hi Team,

If income is under Basic Exemption Limit one can submit Form 15G to avoid TDS on dividend given by a company if it crosses threshold.
As per Union Budget tax on RS 0 to RS 4 LAC is NIL. Does it mean 4 LAC is Basic Exemption Limit? or is it still 2.5 LAC?