TCS
TCS
on
TwirlyBoba
TwirlyBoba

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

3mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑
+322 new users this month
FuzzyPancake
FuzzyPancake
TCS3mo

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

TwirlyBoba
TwirlyBoba
TCS3mo

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

DancingLlama
DancingLlama
TCS3mo

Yes

SparklyHamster
SparklyHamster
TCS3mo

Yes it's considered.

TwirlyBoba
TwirlyBoba
TCS3mo

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

Discover more
Curated from across
Personal Finance
by ZestyWaffleChartered Accountant

Income Tax

Warning: This is a lengthy post.

Filed some salaried ITRs during this tax period. Following are some of the common mistakes which can be avoided

  1. If you have changed jobs ensure that income from previous job is disclosed to the curr...