Budget 2025: New Tax Slab Vs Old Tax Slab - New Tax Regime Simplified | What Is The 87A Rebate?

In a major move to reduce the tax burden on the middle class, finance minister in her Union Budget 2025 speech, announced that no income tax will be payable for incomes up to ₹12 lakh under the new tax regime.

However, this has caused some confusion, especially since the income tax slabs still show taxes for income brackets from ₹0 to ₹12 lakh.

Let's decode how the income tax relief for those earning up to ₹12 lakh works

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Видео Budget 2025: New Tax Slab Vs Old Tax Slab - New Tax Regime Simplified | What Is The 87A Rebate? канала moneycontrol