Nirmala Sitharaman Says 1 Crore More People To Pay Zero Income Tax Under Budget 2025-26

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âš¡Nirmala Sitharaman Says 1 Crore More People To Pay Zero Income Tax Under Budget 2025-26

By IANS

Nirmala Sitharaman Says 1 Crore More People To Pay Zero Income Tax Under Budget 2025-26

In a huge relief for taxpayers, the Finance Minister Nirmala Sitharaman announced a hike in the tax rebate in the Union Budget. According to the revised structure, individuals with a net taxable income of up to Rs 12 lakh will now pay zero income tax. This is a significant notable increase from the previous threshold of Rs 7 lakh.