Explains how Section 87A rebate and marginal relief operate above Rs. 12 lakh under the new tax regime for FY 2025-26, with calculation ...
Union Finance Minister Nirmala Sitharaman, while addressing the House during the general discussion on the Union Budget, elaborated on the benefits of marginal tax relief, a provision designed to ease ...
From April 1, 2025, individuals with taxable incomes up to Rs 12 lakh will not be required to pay any tax. However, there can be individuals whose net taxable income exceeds Rs 12 lakh just by a small ...