<h1>Income Tax Slabs Revised: Tax Rebate Threshold Raised to Rs 12 Lakh, 1 Crore More Individuals Exempt</h1> The government has revised income tax slabs in the 2025-26 Budget, increasing the tax rebate threshold to Rs 12 lakh from Rs 7 lakh, resulting in an additional 1 crore individuals paying no income tax. The Finance Minister highlighted the substantial financial relief provided to citizens through these changes, aimed at benefiting the middle class. The new tax regime exempts income up to Rs 4 lakh, with varying rates applied to higher income brackets. The Finance Secretary noted a projected tax buoyancy of 1.42 for the next fiscal year, acknowledging revenue sacrifices due to the rebate adjustments.