Under the new income tax regime announced in Union Budget 2025-26, individuals with income upto how much will pay zero income tax?
- ARs. 7 lakh
- BRs. 10 lakh
- CRs. 12 lakh
- DRs. 15 lakh
Solution & Step-by-step Explanation
In the Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, the tax slabs and Section 87A rebate were significantly revised under the new tax regime. Taxpayers with a net taxable income up to Rs. 12 lakh will pay zero income tax.