Finance Minister Nirmala Sitharaman has announced a game-changing update in the new tax regime individuals earning up to ₹12 lakh (or up to ₹12.75 lakh for salaried taxpayers with a ₹75,000 standard deduction) will enjoy zero income tax liability!
This move aims to boost disposable income, encourage spending, and ease the financial burden on middle-class taxpayers. With increased savings and better financial planning opportunities, this could be a turning point for India’s economy.
What are your thoughts on this tax relief? Let us know in the comments!