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Marginal Relief To Ensure Fair Taxation for Incomes Slightly Above ₹12 Lakh - How Much Tax Will They Save?
On 1st February 2025, during the Union Budget presentation, Finance Minister Nirmala Sitharaman announced an increase in the nil tax slab to Rs 12 lakh, providing substantial relief to middle-class ...
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Income Tax Calculations: Taxpayers get the benefit of marginal relief when they file their income tax return (ITR). In the new tax regime applicable for the income earned in the financial year 2025-26 ...
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