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Zero Income Tax for Middle Class | Old vs New Tax Regime: Which is Better? | Budget
Original: Zero Income tax For Middle Class | Old Tax Vs New Tax ఏది Better? With Free Calculator | Budget
Takeaway
New tax regime is now default for most middle-class earners under Rs 12 lakh, but compare with old regime if you have major deductions before switching.
Summary
- Budget 2025 makes income up to Rs 12 lakh tax-free under new regime; with Rs 75,000 standard deduction, salaried can earn Rs 12.75 lakh tax-free.
- 87% of India's 7.5 crore taxpayers fall under Rs 12 lakh and pay zero tax next FY.
- New tax slabs: zero up to Rs 4 lakh (raised from Rs 3 lakh), with 5%/10%/15% changes above; example Rs 30 lakh income saves ~Rs 1.14 lakh (Rs 5.9L to Rs 4.75L tax).
- Old regime can still be better if you have large 80C deductions, home loan interest, parents' health insurance — provides free Excel calculator to compare.
- Warns: don't stop term/health insurance just because new regime is better — 83% of Indians still lack term insurance.
income taxbudget 2025tax planning
Original description
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