New Tax Rebate 2025 . Tax Rebate Ya 2025 Simon Hughes The Indian government provides tax exemptions and benefits to both corporations and individuals, with a focus on promoting economic growth and supporting the middle class. Budget 2025: In a significant move aimed at easing the tax burden, Finance Minister Nirmala Sitharaman announced crucial changes to income tax slabs in Budget 2025
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The Budget has revised the tax slabs for computing tax liability on income earned in 2025-26 for those with income of more than Rs 12 lakh and filing ITR under the new tax regime. The nil tax slab has been raised from ₹7 lakh to ₹12 lakh.
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