Union Budget: No income tax up to Rs 12 lakh – a simple guide to what it actually means for taxpayers – The Times of India
NEW DELHI: Finance minister Nirmala Sitharaman on Saturday gave a big relief to the middle class as she announced zero income tax for up to Rs 12 lakh under the new tax regime.For salaried employees, this nil tax limit will be Rs 12.75 lakh per annum, after taking into account a standard deduction of Rs…