https://www.taxtmi.com/news?id=32315 The budget reconfigures the personal income tax framework under the new tax regime by raising the exemption threshold to nil tax up to Rs 12 lakh of gross income (Rs 12.75 lakh effective for salaried employees after a Rs 75,000 standard deduction) and by revising marginal rates across successive income slabs, with illustrative taxpayer benefits and increased disposable income for middle-income households. en-us Sat, 01 Feb 2025 13:01:03 +0530 Sat, 01 Feb 2025 13:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32315 The budget reconfigures the personal income tax framework under the new tax regime by raising the exemption threshold to nil tax up to Rs 12 lakh of gross income (Rs 12.75 lakh effective for salaried employees after a Rs 75,000 standard deduction) and by revising marginal rates across successive income slabs, with illustrative taxpayer benefits and increased disposable income for middle-income households. News - Sat, 01 Feb 2025 13:01:03 +0530 https://www.taxtmi.com/news?id=32315