https://www.taxtmi.com/news?id=32450 The Budget raises the individual tax rebate to Rs 12 lakh and restructures the new tax regime slabs, expanding the exemption base and altering marginal rates. The revised tax slabs set successive marginal rates across income bands, reducing rates for middle-income bands and increasing progressive rates at higher bands; the government expects moderated tax buoyancy and continued migration to the new regime. en-us Sat, 01 Feb 2025 17:16:03 +0530 Sat, 01 Feb 2025 17:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32450 The Budget raises the individual tax rebate to Rs 12 lakh and restructures the new tax regime slabs, expanding the exemption base and altering marginal rates. The revised tax slabs set successive marginal rates across income bands, reducing rates for middle-income bands and increasing progressive rates at higher bands; the government expects moderated tax buoyancy and continued migration to the new regime. News - Sat, 01 Feb 2025 17:16:03 +0530 https://www.taxtmi.com/news?id=32450