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Income tax slabs, rates, and key benefits. All your queries answered

After the presentation of the Union Budget 2025, Finance Minister Nirmala Sitharaman announced major relief to income tax payers. Any individual earlier was required to pay a tax of Rs 80,000 for an income of Rs 12 lakh. Now no tax will be charged.Here are the frequently asked questions (FAQs) released by the government:

 

However, the Budget has not made any changes in tax slabs under the old income tax regime.


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