TCS
TCS
on
TwirlyBoba
TwirlyBoba
10mo
by

For new tax regime, is the exemption of 12.75LPA applied in April 2025 payslip?

10mo ago
FuzzyPancake
FuzzyPancake
10mo

For people below 8lpa, under the new regime, there is no tax right. So, will there be a standard deduction as well?

TwirlyBoba
TwirlyBoba
10mo

Yes. And it's increased to 12LPA for this FY + standard deduction.

DancingLlama
DancingLlama
10mo

Yes

SparklyHamster
SparklyHamster

Yes it's considered.

TwirlyBoba
TwirlyBoba
10mo

So those who have net taxable income range between 7L and 12L got 0 tax payable right.

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