Pinchh Rolleer Digital
06/02/2025
In the Union Budget for the fiscal year 2025-2026, the Indian government introduced a revised income tax structure under the new tax regime, aiming to provide relief to middle-income earners. Notably, the basic exemption limit has been raised to ₹4 lakh from the previous ₹3 lakh. Additionally, a tax rebate under Section 87A has been increased to ₹60,000, effectively making net taxable income up to ₹12 lakh exempt from tax
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