⚡Know Different Types of Income Tax Rebates As Tax Rebate Increased to INR 12 Lakh in Budget

Today, while presenting the Union Budget 2025, Finance Minister Nirmala Sitharaman said that income tax slabs and rates are being revised to create a more progressive taxation system. Tax rebate reduces an individual's overall tax liability, which means one either pays less tax or gets a refund if the person has already paid more than they owe.