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Budget 2025: Higher 87A tax rebate, deduction on home loan, income tax slab and more, what experts demand from FM to boost consumptionIn 2023 the finance minister introduced a big increase in 87A rebate in the new tax regime which offered taxpayers a choice of no income tax for up to Rs 7 lakh income provided the taxpayer ...
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87A rebate will fail to make your tax nil despite income below Rs 12 lakh in these cases, Budget 2025You will end up paying income tax despite income under Rs 12 lakh if it includes special rate incomes as 87A rebate will not help to make the tax liability zero. Budget 2025 has now specified that ...
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