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03Feb 2025
Nil Tax Slab Increased to ₹12 Lakh Limit
Why in the news? The Union Budget 2025 raised the Nil Tax Slab to ₹12 lakh, offering tax-free income up to ₹12.75 lakh for salaried individuals, along with new tax slabs to reduce the financial burden on taxpayers. Key Highlights: Finance Minister Nirmala Sitharaman presented the first full-fledged budget of the NDA government’s third term …
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