Use our 12 Lakh Income Tax Calculator to estimate your tax liability under the new tax regime for FY 2024-25. Get accurate, instant tax calculations.

2025年2月1日 · The government has revised the tax structure under the new regime with Finance Minister Nirmala Sitharaman announcing that those earning up to Rs 12 lakh annually won't have to pay any income...

2025年2月2日 · In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 lakh will no longer have to pay income tax. She also introduced revised tax slabs under the new tax regime. But what happens if your annual income exceeds Rs 12 lakh? And how much tax benefit will you get?

2025年2月1日 · Resident individuals with a net taxable income up to Rs 12 lakh will now pay no income tax. For salaried individuals who avail of the standard deduction benefit of Rs 75,000 under the new tax regime, the tax-free threshold increases to Rs 12.75 lakh. This is a significant rise from the previous Rs 7 lakh income limit under the new tax regime.

How to write 12 lakh in numbers? The number form of 12 lakh is written as 1200000. In figures, the digits in 12 lakh are separated with commas and written as 1200000. How to write 12 lakh in scientific notation?

2025年2月10日 · New tax regime exempts income up to ₹12 lakh (₹12.75 lakh for salaried taxpayers with standard deduction) from taxes. Marginal relief under Section 87A ensures tax on income exceeding ₹12 lakh doesn't exceed the incremental amount up to ₹12.75 lakh.

1 天前 · Further, by providing marginal relief, it has been ensured that the tax payable by a person having income marginally above Rs 12 lakhs is required to pay only a marginal amount of tax equal to the amount of income above Rs 12 lakh, so that their carry home income is also Rs 12 lakhs. In this case, he will be required to pay a tax of Rs 10,000.

Budget 2025 introduces no income tax on earnings up to ₹12 lakhs under the new regime, offering significant relief. Learn about tax slabs, Section 87A, and benefits.

In the proposed new tax regime, the maximum total income for which tax liability for individual taxpayers is NIL is Rs. 12 lakhs. The change in tax slabs is beneficial for which category of...

2025年2月2日 · Rs 12 Lakh Income Tax Calculator: In the Union Budget 20225-26, the FM gave a pleasant surprise to taxpayers, especially to the individuals with incomes up to Rs 12 lakh (or Rs 12.75 lakh for salaried taxpayers who benefit from a standard deduction of Rs 75,000) as their tax liability was reduced to zero.