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Union Budget 2025


Lord

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3 minutes ago, bharathh said:

 

Applicable for anyone that earns 12+ lakhs. Exemption only applicable for those with incomes of 12 lakhs or less and on the new tax regime. I still use the old tax regime - so no change for me.

so whats the point of slabs of 0-4 and 4-8 lakhs :hmmm:

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4 minutes ago, bharathh said:

 

If you earn more than 12 lakhs (non-salaried) or 12.74 (salaried) you fall under the slab structure. If you earn more than that amount you fall under the slab structure.

 

so if I am earning 13 lakhs, tax will be 15% on basis of slabs, no?  How do first two slabs apply if below 12 lakhs there is no tax for everyone :hmmmm2:

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