Marginal Relief

Tax relief: You’ll get rebate even if capital gains push your total income more than Rs 12.75 lakh, points out Finance Bill, 2025

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Tax relief: You’ll get rebate even if capital gains push your total income more than Rs 12.75 lakh, points out Finance Bill, 2025

In Budget 2025, Finance Minister Nirmala Sitharaman unveiled significant income tax savings, giving taxpayers more funds and introducing modifications to the way they compute their obligations. A noteworthy point is that individuals with earnings up to Rs 12 lakh are exempt from paying income tax in the updated taxation system. During her speech, the Finance … Read more

Income tax relief: Rs 12.1 lakh vs Rs 12.5 lakh vs Rs 12.75 lakh – how marginal income tax will be calculated? 

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Income tax relief: Rs 12.1 lakh vs Rs 12.5 lakh vs Rs 12.75 lakh – how marginal income tax will be calculated? 

Income tax calculations: The Union Budget 2025 raised the income tax exemption threshold to Rs 12 lakh, effectively making incomes up to this amount tax-free. For salaried individuals, this limit increases to Rs 12.75 lakh after factoring in the standard deduction of Rs 75,000 under the new tax regime for FY 2025-26. This has become possible … Read more

Budget 2025’s ₹12 lakh tax break: Here’s what marginal relief, rebate means for your income

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Budget 2025’s ₹12 lakh tax break: Here’s what marginal relief, rebate means for your income

As Finance Minister Nirmala Sitharaman rose to present the Union Budget 2025, she delivered a decisive announcement that echoed across households nationwide — no income tax payable for individuals earning up to ₹12 lakh under the new regime. The declaration sparked immediate excitement, positioning Budget 2025 as a financial game-changer for the middle class. However, … Read more