New Delhi, Feb. 2 -- Imagine getting a salary bump, only to find that your tax bill eats up most-if not all-of your raise. While the new tax regime in Budget 2025 promises no tax on incomes up to Rs.12 lakh, it doesn't necessarily mean that earning a little more is always beneficial. Thankfully, marginal relief has your back, ensuring that small increases in income don't result in a huge spike in tax outgo.
Here's what you need to know to make sure your paycheck isn't sabotaged by the taxman.
According to the Union Budget for 2025-26, presented by finance minister Nirmala Sitharaman, starting from next financial year, there will be no tax under the new regime on incomes up to Rs.12 lakh. For salaried individuals, this limit is Rs.12.75 ...
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