Union Budget 2025: During her presentation of the Union Budget for 2025-26, Finance Minister Nirmala Sitharaman announced the introduction of a new Income Tax Bill, which aims to simplify and clarify ...
A tax payer in the new regime with an income of ₹ 12 lakh will get a benefit of ₹ 80,000 in tax (which is equivalent to 100 per cent of tax payable as per existing rates). Upto ₹18 lakh: A person ...