Income up to Rs 12 lakh will not have to pay tax

04 February, 2025, 01:10 pm

Last modified: 04 February, 2025, 01:15 pm

Income up to Rs 12 lakh will not have to pay tax

04 February, 2025, 01:10 pm

Last modified: 04 February, 2025, 01:15 pm

India's Finance Minister Nirmala Sitharaman has announced a major income tax cut. Under the new tax structure, income up to Rs 12 lakh will not have to pay any income tax. The Indian budget was announced on January 1.

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