Budget 2025 Loophole: Why You Might Still Pay Tax Despite Earning Below Rs 12 Lakh
02 Feb 2025
In the Union Budget 2025, Finance Minister Nirmala Sitharaman announced significant tax relief for individuals earning up to Rs 12 lakh annually. Under the proposed New Tax Regime, taxpayers within this income bracket can benefit from rebates under Section 87A, effectively reducing their tax liability to zero. However, exceptions apply,...
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