New Tax regime 2025: Here's how much you are going to save from FM's ₹12L booster dose| Explained

[@jitendrayadavweb]

Deductions such as 80C, 80D, 80E, 80G, NPS, home loan, HRA, LTA, 80TTA, and 80TTB are not available under the new tax regime. As a result, most salaried individuals with a taxable income above 10-12 LPA continue to opt for the old tax regime. In summary, the tax rebate under the new regime does not benefit those who prefer the old regime with taxable income > 12LPA. Additionally, it is important to note that the ₹12 lakh income slab falls under the 10% tax bracket, which the government currently providing a temporary rebate plus ₹75K of standard deduction/exemption, which may tend to be revised in the next tax cycle.

[@vgopalan8898]

EPS95 pensioners were expecting from govt but never shown any kind of courtesy in spite of repeated requests. EPS95 pensioners draw merely a paltry amount of Rs.1300.00 pm. Kudos to Govt for presentation of pro-poor budget.

[@vinayakdamodar980]

Out of 7.5 Crore individual ITR filers , already 70 percent *do not pay* any tax. Income tax payers are only *1.6 percent* of the Indian population. Instead of widening the tax base , now the income tax burden further shifts on those earning more than ₹12.75 Lakhs i.e. less than 1 percent of the Indian population .

[@jitendrayadavweb]

Simple calculation with example: Taxable income of 15LPA, after deduction of :- HRA :- 3 L (with rent receipt + pan + rent agreement) Section24 Home loan :- 2 L medical insurance:- 25 K section 80C:- 1.5 L Taxpayble:- old regime: Rs. 70200 new regime: Rs. 97500

[@ganeshram2441]

NAMASKARAM MAM GREAT MAM

[@pratibhasinghraghav8444]

No relief for more than 12L salary