New income tax slabs explained: 20 FAQs answered
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.
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.
