Individuals with an annual income of Rs 12 lakh can reduce their tax liability to zero under the new regime, thanks to the enhanced Section 87A rebate and a higher standard deduction.
Individuals earning Rs 12 lakh annually can achieve zero tax liability under the new tax regime. This significant benefit is primarily due to the enhanced Section 87A rebate and a higher standard deduction. These provisions offer substantial relief, optimizing tax planning for…
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