What is basic exception limit as per Union Budget 2025
This query is : Resolved
Quick Summary
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?
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?
Dhirajlal Rambhia
(Expert)
20 April 2025
For old tax regime it is 2.50 lakhs while for new tax regime it is 3.00 lakhs.
Dhirajlal Rambhia
(Expert)
28 September 2025
Good luck.....
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